Paddington fintech hits £50m funding milestone with new backing from J.P. Morgan

Feb 4, 2019 · bdaily.co.uk

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Tech-led workplace pensions provider Smart Pension has secured investment from J.P. Morgan.

The financial services giant has taken a minority equity stake in the Paddington-based fintech company, which has now raised around £50m in funding to date.

Smart Pension is raising capital as it brings its savings platform technology to new overseas markets.

In October 2018, the firm won a competitive tender to provide its offering to New Ireland Assurance, one of the foremost life insurance, pensions and investment businesses in Ireland.

Smart Pension is now in early-stage talks with new strategic partners globally.

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