About Penfold
Penfold is a company based in London (United Kingdom) founded in 2018. It operates as a SaaS (Software-as-a-Service), Subscription Services, and FinTech. Penfold has raised $22.2 million across 3 funding rounds from investors including Lendable, Northvolt and Elkstone. Penfold offers products and services including Penfold App, Penfold Platform, and Private Pension. Penfold operates in a competitive market with competitors including PensionBee, Raindrop, Boring Money and Atlas Mastertrust, among others.
- Headquarter London, United Kingdom
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Penfold Savings Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.2 M (USD)
in 3 rounds
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Latest Funding Round
$5.2 M (USD), Series A
May 22, 2025
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Investors
Lendable
& 6 more
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Employee Count
Employee Count
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Products & Services of Penfold
Penfold offers a comprehensive portfolio of products and services, including Penfold App, Penfold Platform, and Private Pension. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Pension savings are managed through an intuitive mobile application.
Pension processing is streamlined for businesses with automated features.
Individual retirement plans are offered for personal financial security.
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Funding Insights of Penfold
Penfold has successfully raised a total of $22.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.2 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $5.2M
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First Round
First Round
(28 May 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series A - Penfold | Valuation | Gresham House Ventures |
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| Aug, 2022 | Amount | Series A - Penfold | Valuation | Bridford Group | |
| May, 2021 | Amount | Series A - Penfold | Valuation | Bridford Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Penfold
Penfold has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Lendable, Northvolt and Elkstone. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech companies are invested in by Bridford Group.
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Founded Year | Domain | Location | |
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Venture capital fund focused on SaaS, AI, blockchain, gaming, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Provider of wealth management and portfolio management services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Penfold
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Penfold
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Penfold Comparisons
Competitors of Penfold
Penfold operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PensionBee, Raindrop, Boring Money and Atlas Mastertrust, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automated pension consolidation platform
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| domain | founded_year | HQ Location |
Retirement planning solutions are offered for self-employed individuals.
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| domain | founded_year | HQ Location |
Investment management firm
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| domain | founded_year | HQ Location |
A web-based platform for retirement savings and management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Penfold
Frequently Asked Questions about Penfold
When was Penfold founded?
Penfold was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Penfold located?
Penfold is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Penfold a funded company?
Penfold is a funded company, having raised a total of $22.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $8.5M, raised on May 28, 2021.
What does Penfold do?
Penfold is focused on transforming the pension industry by making workplace auto-enrolment pensions easy to manage and understand. Services are provided through an award-winning app and platform, catering to individuals, employers, and advisers. Solutions are designed to reduce administrative burdens, ensure compliance, and enhance user engagement. The company operates within the financial services sector, emphasizing technology-driven pension management and personalized support. Operations are based in the UK, serving over 100,000 users and 5,000 businesses with innovative retirement planning tools.
Who are the top competitors of Penfold?
Penfold's top competitors include PensionBee, Raindrop and Boring Money.
What products or services does Penfold offer?
Penfold offers Penfold App, Penfold Platform, and Private Pension.
Who are Penfold's investors?
Penfold has 7 investors. Key investors include Lendable, Northvolt, Elkstone, Bridford Group, and Force Over Mass.
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