Kyle Chubb | Tuesday 27th April, 2021
Now, we love Mondays. But this last one? Well, this one was a little special.
This Monday was a BIG day for us and, more importantly, a very exciting day for private pensions in the UK. That's because we kicked off our first ever crowdfunding campaign!
Our mission is to make saving for the future effortless, so you can get back to what really matters: enjoying today. We all have enough to worry about, without the angst of saving for life after work. Penfold is here to lift that weight off your shoulders ☺️
Now, we’re delighted to invite our community to join our cause. From as little as £10, you can own a piece of Penfold and help fund the future of pensions. Sound good? Pre-register today to be the first to know when you can invest.
When a company wants to grow, they need investment. Rather than rely on traditional financial institutions and investors, a crowdfund allows Penfold to receive funding from our wonderful community.
Crowdfunding allows us to be more open, giving many more people the chance to own a part of Penfold.
Everyone who invests in our crowdfund will become a shareholder. Essentially, letting even more of you join the Penfold family and become an integral part of our story. You can find out more about crowdfunding here.
We've decided to crowdfund for a couple of reasons. Firstly, to help take UK pensions to the next level.
We’ve come a long way over the last 18 months. We’ve built a top-rated pension app and our own in-house pension operating system that has now been fully authorised by the FCA.
We also recently launched our Find My Pension service to help our savers find and combine their lost pots, and an open banking integration that allows them to easily connect their bank account to their pension.
Having raised £5.5m so far, we’re seeking this top-up to keep improving our customer experience, accelerate our growth and launch some exciting new things in the not too distant future. Watch this space.
The second reason we launched this crowdfund was for our community. The support they've given us since we started Penfold has been staggering. Their feedback, ideas and enthusiasm about our mission fuelled our incredible growth and helped make us who we are today.
Giving them a chance to own a piece of Penfold was just the right thing to do.
We're hosting our crowdfund on Crowdcube, the UK’s largest online crowdfunding platform.
To take part, you'll need to create a Crowdcube account, head to Penfold's page (once it goes live) and make your investment. Payment won’t be taken until after the funding round has closed and you'll also be given a 7-day cooling off period.
Once you're done, you’ll receive a copy of our proposed Articles of Association. After the cooling off period, your investment will become legally binding and go through in the next 24-72 hours. You'll officially be a Penfold shareholder 🥳
About two weeks after the payment for your investment has been processed, Crowdcube will send over your share documentation on our behalf.
Head here to find out more about investing on Crowdcube.
Ready to invest? Pre-register your interest right here.
Remember your capital is at risk. Investments of this nature carry risks to your capital as well as potential rewards.