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Penfold raises $8.5m in Series A funding

UK based digital pensions platform raised $8.5m in Series A funding led by Bridford Group.

“The pensions industry represents a huge market — with £8 trillion in savings in the U.K. alone. Despite this, many people remain uninterested and unengaged in their pensions. With so many people not saving enough, there’s a real opportunity for a new provider to step in.”

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wealth management, europe