4 years ago

Cushon Raises £26 Million, Acquires Workers Pension Trust

  • Cushon, a London-based fintech workplace savings business, has secured £26 million in funding

  • The investment includes a £6 million equity raise from Augmentum Fintech and a £20 million credit facility from AshGrove Capital

  • The funds will be used for expansion, product development, and acquisitions

  • Cushon has acquired Construction First Limited, the scheme funder of the Workers Pension Trust (WPT), a leading auto-enrolment master trust in Northern Ireland

  • This acquisition brings Cushon's overall assets under management to £740 million and its total number of members to over 200,000.

      • ProblemFinancial Services

      "Traditional workplace savings and investment options are often complex, inflexible, and lack transparency, making it difficult for individuals to engage with their financial future."

      Solution

      "Cushon provides a user-friendly, technology-driven platform that simplifies workplace savings and investments, offering transparency, flexibility, and a focus on sustainable investing options, empowering employees to take control of their financial well-being."

      Covered on