Join to invest

Already registered? Log in

303%

Penfold, the digital pension that makes saving for the future easy, so you can enjoy today. Backed by serial FinTech investors, their top-rated app & in-house pension infrastructure manages over £24m in savings for over 10k customers. They're raising to accelerate growth & launch workplace pensions.

  • 10k customers with £24m+ assets. 140% asset growth in the last 4 months
  • £5.5m raised to date from backers of Spotify, Adyen & Dropbox
  • FCA regulated as a pension operator using in-house infrastructure
  • 4.8* TrustPilot (230+ reviews) and 81 NPS

Idea

We founded Penfold because we believe traditional pension providers aren’t working anymore. Their clunky technology and endless jargon has left consumers confused and disinterested. Millions have lost track of their pension or even put off saving entirely.

So we built a next-generation pension platform that removes the pain from saving for later life.

Our highly-rated apps and website let users set up their pension in minutes, or find and combine their old pots in a few taps.

Our custom-built technology automates traditionally manual processes, helping us deliver a seamless, flexible, user experience and outstanding customer service to anyone. Even those at the start of their savings journey.

We launched in Oct 2019 and now have 10k customers with £24m AUM, growing assets 140% in the last 4 months. We’ve also partnered with the likes of Starling Bank, offering Penfold to their SME customers.

We started with the UK’s 5m self-employed, as 86% weren’t saving into a pension. Penfold is now open to everyone and we'll soon launch workplace pensions to broaden our customer base even more.

With £7trn held in UK pension funds, but millions still not saving enough, the market is huge and ready for disruption.

Backed by a number of investors including Force Over Mass Capital, Plug & Play Ventures and early backers of Adyen and Spotify, we're raising to accelerate growth.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

To see the rest of the Penfold pitch, join now. It's free, quick and easy.

Due to financial regulations, you need to join our community to view the full investment opportunity.

Join

Already registered?
Log in

Risk warning

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

Crowdcube is authorised and regulated by the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV). This page has been approved by Crowdcube. Pitches for investment are not offers to the public and investments can only be made by members of crowdcube.com on the basis of information provided in the pitches by the companies concerned. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Penfold has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.