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

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