About Penfold
Penfold is a Technology company based in London (United Kingdom) founded in 2018. A mobile platform is utilized for pension setup and management. It operates on a SaaS (Software-as-a-Service), Subscription Services, and FinTech model. Penfold has raised $22.2 million across 3 funding rounds from investors including Lendable, Northvolt and Elkstone. Its website getpenfold.com draws about 94 thousand monthly visits. Penfold offers products and services including Penfold App, Penfold Platform, and Private Pension. Its focus areas include Financial Services, Pension Management and Workplace Pensions. Its legal entity is Penfold Savings Limited. Its competitors include PensionBee, Raindrop and Boring Money; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters London, United Kingdom
- SectorsTechnology
- Website category Finance · Financial Planning and Management
- Email••••••••
- Phone•••• ••••
- Website getpenfold.com
- Social LinkedIn Facebook Instagram
- Legal Name Penfold Savings Limited
- Total Equity Funding$22.2M (USD)
in 3 rounds
- Latest Funding Round$5.2M (USD), Series A
May 2025
- InvestorsLendable
& 6 more
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.
Apps and channels of Penfold
Penfold publishes 2 mobile apps with over 50K+ downloads.
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 $22.2M
- Total Rounds 3
- Last Round Series A — $5.2M
- First Round $8.5M
(May 2021)
- Investors Count 7
All 3 funding rounds of Penfold with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2025 | $5.2M | Series A | – | Gresham House Ventures | – |
| Aug 2022 | $8.5M | Series A | – | Bridford Group | |
| May 2021 | $8.5M | Series A | – | Bridford Group |
7 investors in total: 6 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech companies are invested in by Bridford Group. | bridfordgroup.com | London, United Kingdom | ||
Venture capital fund focused on SaaS, AI, blockchain, gaming, fintech, and multiple sectors | fomcap.com | London, United Kingdom | ||
Provider of wealth management and portfolio management services | 2011 | elkstonepartners.com | Dublin, Ireland | |
Growth equity investments are made to scale high-potential businesses. | greshamhouseventures.com | London, United Kingdom | ||
Personal loans are enabled via an online P2P marketplace. | 2014 | lendable.co.uk | London, United Kingdom | |
Lithium-ion batteries for electric vehicles are manufactured and optimized. | 2016 | northvolt.com | Stockholm, Sweden | |
AM Alan Morgan | Indian angel investor focusing on early-stage tech startups. | unknown_63e8b3e6a6824917b |
Investor details for Penfold
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Penfold
3 people are tracked at Penfold (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Pete Hykin | Co-founder | Leadership |
Frankie Dewar | Head Of Marketing | Leadership |
Nathan Garfoot | Account Executive | Team |
Complete people profiles for Penfold
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Penfold
3 dated milestones of Penfold across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Penfold is founded.
- Funding First funding round of $8.5M.
- Funding Latest funding round, Series A, of $5.2M.
Competitors of Penfold
Penfold has 3 listed competitors in our database, 3 of them funded. They include PensionBee, Raindrop and Boring Money.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pensionbee.com | 2015 | London, United Kingdom | $70.7M | 177 | Automated pension consolidation platform | |
| myraindrop.co.uk | 2020 | London, United Kingdom | $827,695 | 16 | Retirement planning solutions are offered for self-employed individuals. | |
| boringmoney.co.uk | 2015 | London, United Kingdom | $4.12M | 14 | Investment management firm |
Detailed competitors of Penfold
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Penfold
The website of Penfold (getpenfold.com) receives about 93.8K visits a month and ranks #436,569 among all websites worldwide, #5,470 in Financial Planning and Management.
- Monthly visits93.8K
▲ 47.6% vs previous month
- Unique visitors30K
per month
- Global rank#436,569
among all websites
- Category rank#5,470
Finance · Financial Planning and Management
- Bounce rate41%
- Pages per visit3.7
- Average visit59 sec
- DevicesDesktop 41% · Mobile 59%
Websites whose visitors overlap most with Penfold. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hl.co.uk | 100% | 6.9M | #7,103 | View details | |
vanguardinvestor.co.uk | vanguardinvestor.co.uk | 97% | #9,285 | – | |
| moneysavingexpert.com | 96% | 20.7M | #3,243 | View details | |
unbiased.co.uk | unbiased.co.uk | 95% | #104,742 | – | |
| legalandgeneral.com | 92% | 1.4M | #58,979 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Penfold
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
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- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Penfold (Investment & Financial Technology) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online data source platform for information, analytics, and solutions for governments and financial markets | 1959 | London, England, United Kingdom | USD 1.41 B | |||
AI-based platform for automated personal spend management is provided. | 2016 | London, England, United Kingdom | USD 75.78 M |
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Related news about 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. The company's 1st funding round was a Series A of $8.5M, raised on May 2021.
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.
Penfold operates through Penfold Savings Limited.
Yes. Penfold publishes Pensions By Penfold and 1 more app, with over 50,000 downloads.