Penfold Raises £3.9M in Funding

Gresham House Ventures leads £3.9M round in digital pension provider Penfold

Gresham House Ventures has led a £3.9 million investment round in workplace pension provider, Penfold, alongside existing investors.

Gresham House Ventures backs Penfold with £3.9m to drive digital pension growth

Gresham House Ventures has led a £3.9 million investment round in digital workplace pension provider Penfold, backing the fintech’s continued expansion in the UK SME and accountancy markets. The round also included participation from existing investors. Penfold offers a fully digital workplace pension platform, enabling businesses to sign up or switch providers in just minutes — a sharp contrast to the cumbersome processes often associated with …

Workplace pensions platform Penfold lands £3.9m to scale digital offering

Penfold, a digital pension provider focused on workplace retirement solutions, has raised £3.9m in fresh funding to expand its services across the UK. According to UKTN, the round was led by Gresham House Ventures, with the investment held in its Baronsmead and Mobeus Venture Capital Trusts. The capital will support Penfold’s expansion into the UK’s small business and accountancy markets, as well as the development of its next-generation pension…

Digital pension group Penfold raises £3.9m

Digital pension provider Penfold has secured a £3.9m investment round led by Gresham House Ventures. Founded in 2018, Penfold is a challenger platform offering workplace pensions through its proprietary platform. Among its corporate clients are fintech group Paddle and San Francisco-based AI giant Anthropic. Penfold said the new capital injection will be used to grow its presence across the UK SME and accountancy markets and support the developm…

Penfold Raises £3.9M in Funding

Penfold, a London, UK-based provider of platform offering a digital corporate pension plans, raised £3.9M in funding. The round was led by Gresham House Ventures. The company intends to use the funds to further grow its presence across the UK SME and accountancy markets and accelerate the development of its pension app with new features for savers […] The post Penfold Raises £3.9M in Funding appeared first on FinSMEs.