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

Naked Wines Seeks Debt Adviser Amid Share Price...

March 18, 2024

How your eCommerce business can thrive through recession

October 4, 2022

Scott Dylan’s NexaTech Ventures: £100m Fuel for the...

September 5, 2024

Ex-Google chief warns red tape is stifling UK...

October 15, 2024

What Kind of Music Does Hip Hop Music...

June 14, 2023

Wargaming to help boost government’s responsiveness

July 30, 2023

What to do when you’re free and bored...

June 28, 2024

The Intranet Toolbox: Essential Tools for Seamless Collaboration

July 31, 2023

UK will become ‘innovation wasteland’ if Hunt pushes...

February 21, 2023

Why THC Gummies Is the Next Big Thing...

October 24, 2024

    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

    • North Korea lashes out after Trump DOJ exposes massive IT infiltration scheme

      July 4, 2025
    • Wimbledon winners to pay up to £1.3m in tax as HMRC claims £17m from prize pot

      July 4, 2025
    • Saudi defense minister secretly meets with Trump to discuss Iran de-escalation, Israel: sources

      July 4, 2025
    • Trump administration swarms SCOTUS with emergency requests and sees surprising success

      July 4, 2025
    • Mike Johnson touts ‘beauty of unified government’ after Trump’s ‘big, beautiful bill’ sails through Congress

      July 3, 2025
    • From Oversold to Opportunity: Small Caps on the Move

      July 3, 2025

    Categories

    • Business (8,380)
    • Investing (2,102)
    • Politics (15,942)
    • Stocks (3,189)
    • 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