Digital pensions platform Penfold raises $8.5M Series A led by Bridford Group

Penfold, a digital pensions platform, has closed a £7m ($8.49m) Series A funding round led by Bridford Group, an investment group.

Also participating in the round was Jeremy Coller, Chief Investment Officer and Chairman of Coller Capital. Penfold also raised additional funding via a crowdfund amongst its customer base. The cash will be used to expand Penfold’s workplace pension division.

Chris Eastwood, Co-Founder at Penfold, commented (in a statement): “It’s been a big year for Penfold – from launching our workplace pension offering, to reaching £100m AUA.”

Bridford Group, lead investor, commented: “The pensions industry represents a huge market – with £8trn in savings in the UK alone. Despite this, many people remain uninterested and unengaged in their pensions. With so many people not saving enough, there’s a real opportunity for a new provider to step in.”

Credit belongs to : www.techcrunch.com

You May Also Like

Sky.Garden, Kenya’s Amazon-style marketplace, faces closure after funding fell through

The future of Kenya-based Sky.Garden — an Amazon-style marketplace for third-party merchants to sell electronics, home goods and more — is in the balance after the startup failed to close a round of financing, according to a memo the startup sent out to employees. An insider told TechCrunch that the startup’s Co-founder and CEO, Martin Majlund, sent […]

Sky.Garden, Kenya’s Amazon-style marketplace, faces closure after funding fell through by Annie Njanja originally published on TechCrunch

Studio’s private group camcorder app lets friends create ‘episodes’ by combing 10-second videos

As younger consumers are shifting to social apps that focus on video and more personal forms of social networking, a new social app called Studio, launching today, is introducing a group camcorder experience that allows groups of friends to share videos with one another in private albums. These albums, or “studios” as they’re called, are […]

Studio’s private group camcorder app lets friends create ‘episodes’ by combing 10-second videos by Sarah Perez originally published on TechCrunch

error: Content is protected !!