20 December 2022

Rest Less raises £6m led by Moneta Venture Capital to expand financial services

The funding round was led by Moneta Venture Capital with participation from new and existing backers.

£6.0M

Rest Less operates a digital community and financial services platform tailored for individuals aged over 50 in the UK. The platform provides content and guidance covering work, health, pensions, and financial planning.

Rest Less has raised £6m in a funding round led by Moneta Venture Capital. The round drew additional participation from new investors Sony Financial Ventures/Global Brain and Exceptional Ventures, alongside returning backers including QED Investors, Viola Fintech, Octopus Ventures, MTech Capital and 1818 Venture Capital.

Founded in 2019, the digital platform serves over one million members aged 50 and older across the UK. The company recently expanded its offering to include later life lending and pension services designed to address the advice gap for midlife consumers.

The fresh capital will be deployed to accelerate investment in the company's financial services offerings, specifically targeting the pensions and later life lending sectors.

From the founder

"We’re proud that Rest Less has become an essential and trusted resource for today’s digitally native midlifers. With a one million strong community, one in seventeen of all 50 to 70 year olds in the UK is now a Rest Less member."

Stuart Lewis

Co-founder at Rest Less

Investor perspective

"We are glad to join Rest Less’ journey of building a technology driven services platform for the 50+ generation. We believe in that vision and shall support the addition of more and more Fintech capabilities to the product suite."

Adoram Gaash

Co-Founder and Managing Partner, Moneta Venture Capital