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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Penfold
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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.
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.
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Early-stage tech companies are invested in by Bridford Group.
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Venture capital fund focused on SaaS, AI, blockchain, gaming, fintech, and multiple sectors
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Provider of wealth management and portfolio management services
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Investor details for Penfold
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Investments & Acquisitions by Penfold
Investment portfolio details for Penfold
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Financial Statements - Penfold
Detailed financials for Penfold
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Penfold Comparisons
Peer comparison for Penfold
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Automated pension consolidation platform
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Retirement planning solutions are offered for self-employed individuals.
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Investment management firm
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A web-based platform for retirement savings and management is provided.
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Detailed competitors of Penfold
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Latest news on Penfold
Complete news archive for Penfold
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Frequently Asked Questions about Penfold
Penfold was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Penfold is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Penfold is a funded company, having raised a total of $22.2M across 3 funding rounds to date.
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.
Penfold's top competitors include PensionBee, Raindrop and Boring Money.
Penfold offers Penfold App, Penfold Platform, and Private Pension.
Penfold has 7 investors. Key investors include Lendable, Northvolt, Elkstone, Bridford Group, and Force Over Mass.