Savingshub/Monedacapital

masonic

Vike said:

It appears to have a 5* rating on TrustPilot!

So did London Capital & Finance.

masonic

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Section 21 of the Financial Services and Markets Act requires that a person must not, in the course of business, communicate an invitation or inducement to engage in investment activity unless that person is an authorised person or the content of the communication is approved by an authorised person.

Could you confirm whether or not this communication was approved by a FCA authorised firm? This might have appeared in the footer of the email.

Moneda Capital itself is not FCA authorised, so if it were making such communications without them being approved by separate authorised firm, that would seem to be a criminal offence.

Vike

While on this forum I had a follow-up call from the agent who explained that Moneda Capital is not FCA registered but that they are a "technology provider" and that the funds would be paid into a segregated holding account with Zempler Bank which are then transfered to Close Brothers Bank for that particular product

Albermarle

Vike said:

While on this forum I had a follow-up call from the agent who explained that Moneda Capital is not FCA registered but that they are a "technology provider" and that the funds would be paid into a segregated holding account with Zempler Bank which are then transfered to Close Brothers Bank for that particular product

As said in a previous post, better to just look at a well known savings comparison site, where you know for sure that all providers listed on that site are covered by the FSCS £85K. Such as .

Best UK Savings Account Rates | May 2025
Savings | MoneySavingExpert

poseidon1

To hopefully curtail further ruminations on Moneda Capital PLC some very easily obtained facts from Companies House:

*  Business incorporated on 25.11.21 but dormant up to 30.11.2022

* Per the last published accounts (2023) the company's self describe business activity -
   ''  Moneda Capital Plc operates a strategic real estate investment business, specialising in acquiring, developing, and managing properties across UK ....(blah, blah, blah)''.  -

* Per accounts to December 2023 they made a trading loss of £139,131 and at the balance sheet date had negative equity of £39,131.

On the home page of the company website ( in the fine print) they do warn that none of their own investment products ( as distinct from the savings platform) is covered by the FSCS. The same home page goes on to state   '' Access to the investment related content on this website is restricted to individuals who meet specific criteria namely High Net Worth Individuals, or Self Certified Sophiscated Investors.'' Having said all that, you tick a box to say you meet the criteria, and lo and behold all their non FSCS protected products are available as potentially higher return  alternatives to the mundane saving accounts on their savings platform.

Frankly there are sufficient red flags here, that only the most haplessly naive retail saver would think this firm was a suitable entity to entrust their savings. 

All in all I echo masonic's LCF response.

If despite what has been said here by all concerned,  the the original OP is nonetheless intent on going ahead and using them, who are we to be killjoys? 

poseidon1

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Well done for taking extra steps to ascertain who these dubious people  really are.

 That invasive level of due diligence is rare. Most savers don't seem to look further than a business's assertion that their products have FSCS protection. Moneda purports to have fscs protection plastered all over its supposed savings products. My own impression ( from their website alone) was they had all the hallmarks of being 'wrong uns' . Companies House information sealed the deal.

jimjames

I'd also add you can't have a viable business offering savings accounts at 4.75% using agents to personally phone potential customers. The economics of the whole process just don't add up.

jimjames

Looks like they might have made some errors, their team looks a bit odd

https://www.monedacapitalgroup.com/our-team

Bit more digging required. For a company with tiny turnover and loss, it seems a very top heavy structure.

Definitely a case of watch this space - I expect some more news very soon!

Willydog

The new major share holder (50%) is Inessa Holdings LL.C-FZ in Dubai, UAE. The balance of the shares are held by 4 of the people mentioned in the team in link above. The previous major share holder was Stephanie Morales who only held them for about 6-8 months. Google her & you’ll get some interesting information !!

jimjames

Seems like Moneda Capital are very keen to stop people finding out valid reviews from potential customers. Hopefully anyone searching for information to check on the information provided will still be able to find it.