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Penfold is a London pension app that simplifies workplace auto-enrolment for employers and lets employees consolidate old pensions.
Founded in 2019 in London, UK, Penfold provides a pension savings platform for businesses and individuals. Employers pay a fee to set up and manage pension schemes, while employees use the app to track, consolidate, and manage contributions at no additional charge. In May 2025, the company raised GBP 3.9 million in a round led by Gresham House, with participation from Baronsmead and Mobeus Equity Partners.
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