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 and businesses.
Penfold offers a digital corporate pension plan via a proprietary platform, allowing companies to sign up or change their pension plan in minutes. It offers a digital experience with dedicated support for employers to set up and manage a pension plan, implement salary sacrifice and offer a company benefit that their team will actually use.
FinSMEs
22/05/2025