What does Penfold do?
Penfold offers a digital corporate pension plan through its proprietary platform, enabling companies to quickly sign up or update their pension schemes with a user-friendly digital experience and dedicated support.
How much did they raise?
The company raised £3.9M in funding with the round led by Gresham House Ventures, securing the capital needed for its growth plans despite the round being classified as series unknown.
What are their plans for the money?
With the new funds, Penfold aims to expand its footprint in the UK SME and accountancy sectors and accelerate development of its pension app by introducing innovative new features for both savers and businesses.
What have they achieved so far?
Penfold has already established a robust digital platform that streamlines pension plan management and enhances the employer and employee experience, demonstrating early success in the market.
