3 years ago

Penfold Secures £7 Million Series A Funding to Expand Digital Pension Platform

  • Penfold, a London-based digital pension service, has raised £7 million in a Series A funding round led by Bridford Group

  • The investment will be used to grow Penfold's workplace pension offerings, which are used by more than 150 businesses

  • The round also saw participation from Jeremy Coller, chief investment officer and chairman of Coller Capital, and 900 contributors via a crowdfund

  • Penfold's platform allows users to combine existing pensions and manage them through one platform

  • The company was founded in 2018 by Pete Hykin, Stuart Robinson, and Chris Eastwood and is authorized by the FCA.

      • ProblemFinancial Services

      "Many people find managing their pensions overly complex and disengaging, leading to inadequate retirement savings."

      Solution

      "Penfold provides a user-friendly digital platform that simplifies pension management, allowing users to consolidate, track, and optimise their retirement savings in one place."

      Covered on