London-Based Fintech Raises £1.8M For Retirement Planning And The Self-Employed
London-based fintech startup Jarvis has secured £1.8 million ($2.3 million) in funding to transform retirement planning.
The funding round was led by Ascension VC and Cornerstone VC, with additional participation from Tokio Marine Future Fund.
This capital injection will support Jarvis’s growth and product development as it integrates with the broader ecosystem of pension-related services.
Addressing The Retirement Planning Gap
In today’s workforce, financial autonomy is on the rise, with the global shift towards self-employment and gig economy work has made traditional workplace benefits like pensions increasingly inaccessible.
Projections indicate that over 50% of the global workforce will be self-employed by 2028, underscoring the need for comprehensive retirement planning tools.
Jarvis addresses this challenge by offering a solution that empowers users to actively plan for their ideal retirement.
Jarvis: A Comprehensive Retirement Planning Solution
Founded by Royden Greaves, Jarvis is an auto-enrolment workplace pension provider that redefines how people approach pensions and retirement in the UK.
The company offers two main components: the Jarvis Pension and an accompanying app.
The Jarvis Pension allows users to manage both personal and workplace pensions in one place, while the app provides real-time insights into retirement goals, including retirement budgeting, joint retirement planning, pension consolidation, and investment risk adjustment.
Additionally, it integrates broader financial data such as cost of living, tax rates, and inflation, providing a holistic view of retirement planning.
For employers, Jarvis offers a financial wellness solution that integrates seamlessly with payroll systems through its API.
This integration simplifies financial management for both employers and employees, enhancing the efficiency of payroll data reconciliation.
Feature Image Credit: The Mirror