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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.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

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.