Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Gresham House Ventures backs Penfold with £3.9m to drive digital pension growth

by May 22, 2025
May 22, 2025
Gresham House Ventures backs Penfold with £3.9m to drive digital pension growth

Gresham House Ventures has led a £3.9 million investment round in digital workplace pension provider Penfold, backing the fintech’s continued expansion in the UK SME and accountancy markets. The round also included participation from existing investors.

Penfold offers a fully digital workplace pension platform, enabling businesses to sign up or switch providers in just minutes — a sharp contrast to the cumbersome processes often associated with legacy pension schemes. The company has seen rapid growth, with the number of businesses using its platform increasing from 1,200 to over 4,000 since the beginning of 2024. Meanwhile, assets under administration have surged by 91%, reaching £700 million by the end of Q1 2025.

This growth has been fuelled by Penfold’s free salary sacrifice implementation service, which helps small and medium-sized enterprises (SMEs) reduce National Insurance costs, as well as the firm’s fast-expanding network of accountant partnerships.

Funding from Gresham House Ventures will be used to scale Penfold’s UK presence, particularly in the SME and accountancy sectors, and to enhance its pension app with new features for both savers and employers. The investment will be held across the Baronsmead and Mobeus VCTs, managed and advised by Gresham House.

“We have been impressed with Penfold’s commercial traction as it leads the charge in disrupting the pensions industry,” said Rohit Mathur, investment partner at Gresham House Ventures. “With significant potential to further boost its customer base and bolster its digital offering, we are excited to support Penfold’s continued progress as it enters the next phase of its growth.”

Chris Eastwood, co-founder of Penfold, welcomed the investment, saying: “This is a vote of confidence in our goal of bringing better pension solutions to businesses and savers. Gresham House Ventures has a fantastic track record of supporting fast-growing businesses like ours, so we are confident this investment will enable us to accelerate our recent momentum.”

The deal extends a busy spell for Gresham House Ventures, which is currently fundraising for its Baronsmead VCTs. Recent investments include Mobility Mojo, a digital platform focused on accessibility, and Much Better Adventures, an adventure travel scale-up.

As Penfold looks to cement its position as a key player in the digital pensions space, this latest funding round represents a significant step towards reshaping workplace pensions for modern businesses and savers alike.

Read more:
Gresham House Ventures backs Penfold with £3.9m to drive digital pension growth

0
FacebookTwitterGoogle +Pinterest
previous post
Oasis reunion tour set to deliver £940 million boost to UK economy
next post
Uber launches Courier service in UK to help individuals and small businesses manage deliveries

You may also like

Banks face more than 100 class action lawsuits

January 9, 2023

Labour says middle classes back 20% vat on...

December 29, 2024

Mortgage Broker: What They Do and How to...

November 23, 2022

Former TalkTalk CEO Dido Harding to become first...

December 1, 2023

Nigel Farage Threatens NatWest with Legal Action Unless...

February 16, 2024

Innovations in Diesel Emission Control and Monitoring

February 23, 2024

Derby to be named new HQ of Britain’s...

March 21, 2023

Food inflation cooled in May as lower energy...

May 30, 2023

Bailey urges Starmer to deepen EU ties to...

May 30, 2025

Getting to Know You: Justin Esposito, Professional Life...

May 24, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Technology in Hospitality: Innovations Shaping Guest Experiences

      July 26, 2025
    • British Factories Are Getting Smarter—But It’s Not Where You Think

      July 26, 2025
    • Navigating Risk and Reinvention: A Conversation with Krishen Iyer

      July 26, 2025
    • Budget-Friendly Compliance Tips for Growing Operations

      July 26, 2025
    • Europeans meet with Iranian officials face-to-face for first time since Israel, US bombings as sanctions loom

      July 26, 2025
    • Trump’s executive order on birthright citizenship blocked by another federal appeals judge in latest ruling

      July 26, 2025

    Categories

    • Business (8,580)
    • Investing (2,151)
    • Politics (16,203)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved