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London-based Penfold raises €4.6 million to further develop its pension app for employees and businesses

  • London-based digital workplace pension provider Penfold raises €4.6 million investment round led by Gresham House Ventures.
  • The funding will be used to expand presence in UK SME and accountancy markets and enhance the pension app for savers and businesses.
  • Penfold aims to simplify saving for retirement and has seen significant growth in employer sign-ups and assets under administration.
  • Gresham House Ventures shows confidence in Penfold's growth potential and plans to support its disruption of the pensions industry.

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