Fintech
Jarvis: Pension Fintech Startup Raises $2.3M in Growth VC Funding
Jarvis, a London-based fintech startup focused on pensions, has raised $2.3 million in funding.
Founded in 2022, Jarvis allows employees to view, manage, and invest in both personal and corporate pension funds in different “jars.” Users can plan for retirement using tools based on their goals and budgets, and also consolidate existing pension contributions.
“I’ve built my life around the idea of freedom and I wanted to do the same for retirement with Jarvis,” Jarvis CEO Royden Greaves told Business Insider. “We want to empower people with knowledge, rather than just a number or a number of investment returns, because while some people have access to advisors, most people don’t. Our platform is built around age, where you are today and when you retire, so you can plan.”
Jarvis allows users with existing company pensions to transfer their savings to the platform, offering pre-defined or customised investment options for automatically enrolled employees or self-invested personal pension funds (SIPPs) in the UK.
The startup raised $2.3 million in seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund.
“The fundraising was interesting, it took a little longer than expected, but we had the support of our existing investors,” Greaves added. “It’s good to go through a good level of rigor and diligence because I firmly believe the best companies are built in difficult economic conditions.”
The funding will go toward growing Jarvis’ “small but mighty” team, with the team set to grow from six to 10. Likewise, the funding will go toward R&D as the company grows its product offerings.
Below you can see Jarvis’s pitch deck consisting of 11 slides: