The funding will support growth among UK small businesses and product development.
Penfold
Digital pension provider modernising workplace retirement savings for UK businesses.
Penfold is a digital pension provider that builds modern platforms for workplace pensions and retirement savings.
Founders

Pete Hykin
Co-founder
Pete co-founded Penfold, serving as co-chief executive before transitioning to a non-executive director role. He previously held product and operations leadership roles at Catapult and Ignite Technology, following an early career at Deloitte.
LinkedIn
Chris Eastwood
Co-founder
Chris brings financial services and corporate development experience, having previously worked at Deloitte UK and Man Group before co-founding Penfold.
LinkedIn
Stuart Robinson
Co-founder
Stuart brings engineering experience from Funding Circle and Inmarsat. He serves as co-founder and CTO at Penfold.
LinkedInInvestors
- £3.9MGresham HouseLead

- £6.0M
Funding history
The funding round was led by Bridford Investments and featured a crowdfunding campaign on Crowdcube.
