Penfold (Series A)
Funding Details
- Awarder
- RSS - techfundingnews.com
- Date Award
- May 22, 2025
- Vertical
- Fintech
- Funding URL
- View Funding Page
- Funding Amount:
- $4,900,000
Company Info
- Founding Year
- 2018
- Traction
- Since the start of 2024, the number of employers using Penfold’s workplace pension has tripled, surging from 1,200 to over 4,000 by Q1 2025. The company’s assets under administration rose by 91%, reaching nearly £700 million.
- Founders
- Chris Eastwood, Pete Hykin
- Company Description
- Penfold is a digital pension provider on a mission to modernise the £9.4 trillion UK pensions industry by building a simple, accessible, and engaging digital platform for workplace pensions.
- Market
- Pensions
- Location
- UK
- Coinvestors
- Gresham House Ventures