Smart, a London, UK-based fintech company focused on the retirement savings market, raised $95M in Series E funding.
The round was led by Aquiline Capital Partners, with participation from Chrysalis Investments, Fidelity International Strategic Ventures, DWS, Barclays and Natixis Investment Managers.
The company intends to use the funds to bolster its global expansion plans, help finance near-term acquisitions and accelerate investment in and distribution of its proprietary retirement savings technology platform, Keystone.
Co-founded by Andrew Evans and Will Wynne, Smart is a global savings and investments technology platform provider. Launched in 2015, its technology platform – Keystone – is specifically designed to help governments and financial institutions (including insurers, asset managers, banks and financial advisers) deliver retirement savings and income solutions that are digital, and cost efficient. In addition to the UK, Smart is operating in the US, Europe, Middle East and Asia.
Smart has experienced a period of growth, with group revenue of £67m in 2022, a 65% increase on the previous year. The company today already has over £5.5 billion in Assets Under Management (AUM) on its platform and is expected to exceed £10bn by the end of June 2023 following this Series E funding.
FinSMEs
15/05/2023