UK-based pensions fintech Jarvis has successfully secured £1.8 million in seed funding, with the investment round co-led by Ascension VC and Cornerstone VC, along with participation from Tokio Marine Future Fund.
Jarvis is an auto-enrolment workplace pension provider that seamlessly integrates with payroll systems via an API, ensuring straightforward reconciliation of payroll data.
The Jarvis Pension features both personal and workplace “jars,” enabling users to manage their pensions and contributions in a single platform. Accompanying the pension service is an app that offers real-time insights into retirement goals, simplifying pension management tasks such as setting retirement budgets, planning joint retirements, consolidating old pensions, and adjusting investment risk profiles. It also incorporates broader financial data, including cost of living, tax rates, and inflation.
Royden Greaves, CEO and founder of Jarvis, states, “Over my 15 years in the wealth management space, I’ve witnessed the significant divide between those who can afford continuous financial advice and the majority who cannot. This inspired me to create a solution that is accessible to everyone, regardless of their financial status.
“Traditional advice often focuses on saving for a rainy day, but we recognize that people want to enjoy their lives today. Our platform helps users find a balance between current enjoyment and future security. This investment will facilitate our ongoing growth as we integrate with the broader ecosystem.”