Nutmeg Saving and Investment Limited announced that it has received £45 million in a round of funding co-led by new investor Goldman Sachs Group, Merchant Banking Division and existing investor Convoy Global Holdings Limited. on January 22, 2019. The company issued common shares in the transaction. The round is raised at a post money valuation of £245 million. The company has received a total of £116 million in funding till date. The transaction is subject to approval from Financial Conduct Authority. As a part of the transaction Rana Yared of Goldman Sachs Group, Merchant Banking Division joined the company's board of directors.