Jarvis, a London-based fintech for employees to plan their retirement, has closed a £1.8m seed funding round.
Founded in 2022, Jarvis has developed an app to manage personal and workplace pension jars. Users can also receive insights and support for more specific retirement goals. These include budget setting, planning joint retirements, consolidating old pensions and adjusting the pension’s risk profile.
Jarvis founder and CEO Royden Greaves said he was inspired to create the company after his career in wealth management. He said working in the space made him see the “stark contrast between those who can afford continuous financial advice and the majority who cannot”.
“Traditional advice often centres on saving for a rainy day, but we understand that people want to live fulfilling lives today,” Greaves added. “Our platform helps users balance current enjoyment with future security. This investment will support our continued growth as we integrate with the broader ecosystem.”
The investment was co-led by Ascension VC and Cornerstone VC. Additional funding came from Tokio Marine Future Fund.
“As we all live longer, the need for dynamic and personalised tech in the pensions industry has never been clearer,” said Cornerstone VC managing partner Rodney Appiah.
“Jarvis recognises that need and has developed an intuitive platform that gives employers the tools to simplify pension management and users the information to not only save for retirement, but shape it.”
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