About Penmore
Penmore is a company based in Concord (Canada) founded in 2003 was acquired by Navacord in February 2021.. Penmore offers products and services including Group Employee Benefits, Group Retirement Benefits, and Global Benefits. Penmore operates in a competitive market with competitors including MetLife, CPP Investments, Questrade, CAAT and Living as Planned, among others.
- Headquarter Concord, Canada
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Penmore
Penmore offers a comprehensive portfolio of products and services, including Group Employee Benefits, Group Retirement Benefits, and Global Benefits. 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.
Customized plans for employee health and well-being services.
Programs for long-term financial health of employees.
Protection for employees working abroad.
Funding Insights of Penmore
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Penmore
Penmore has secured backing from 1 investor. Prominent investors backing the company include Navacord. 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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Insurance brokerage services are provided across Canada by Navacord.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Penmore
| 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 - Penmore
| 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 |
Penmore Comparisons
Competitors of Penmore
Penmore 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 MetLife, CPP Investments, Questrade, CAAT and Living as Planned, 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 |
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| domain | founded_year | HQ Location |
Internet-based life, health, auto, home, and pet insurance is offered.
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| domain | founded_year | HQ Location |
Pension fund assets are managed for sustainable long-term growth.
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| domain | founded_year | HQ Location |
Online investment platform
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| domain | founded_year | HQ Location |
Retirement planning services are provided to Canadian workers.
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| domain | founded_year | HQ Location |
Provider of retirement and pension insurance & financial planning services
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| domain | founded_year | HQ Location |
Offers customized group benefits and retirement plans to enhance business employee engagement.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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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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Frequently Asked Questions about Penmore
When was Penmore founded?
Penmore was founded in 2003.
Where is Penmore located?
Penmore is headquartered in Concord, Canada. It is registered at Concord, Ontario, Canada.
What does Penmore do?
Penmore was founded in 2003 and is headquartered in Concord, Canada. Operations are focused on the employee benefits sector, where services related to retirement plans and employee welfare programs are administered. These offerings include plan management, compliance support, and customized benefit solutions for businesses across various industries. The company serves clients primarily in North America through its online platform at penmorebenefits.com, ensuring regulatory adherence and efficient benefit delivery.
Who are the top competitors of Penmore?
Penmore's top competitors include MetLife, CPP Investments and Questrade.
What products or services does Penmore offer?
Penmore offers Group Employee Benefits, Group Retirement Benefits, and Global Benefits.
Who are Penmore's investors?
Penmore has 1 investor. Key investors include Navacord.
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