back Back

Guiide raises new investment of around £200K

By Leandra Monteiro

October 04, 2022

  • FinTech
  • Funding
  • Guaranteed Income Program

Guiide Scottish FinTech Guiide has raised new investment of around £200K and welcomes three new additions to the team. Guiide announced it has raised this new money from existing investors. It has also strengthened its team with the addition of two new Directors and a highly experienced adviser.

The two new Directors are Clare Hawkins, a former NHS Trust Chief Executive, who will lead on governance and Stewart Lawrie, an experienced financial systems developer, who will lead the company’s development team for the future. Additionally, Mike Robins, former partner at 3i, who has a wealth of knowledge on capital funding and small business growth, has joined Guiide as a board adviser.

The funding will be used to support two new initiatives. The first is Guiide+, launching soon. This is an addition to our free online service for registered users. The centrepiece of this development will be a full retirement dashboard showing real-time values for a person’s pensions, and all other sources of income and savings.

The dashboard will be accompanied by Guiide’s tracking tools showing how a person’s long-term plan is affected as they draw income and as their live pension pot values vary over time.

Guiide+ will also be modeling and supporting more complex and detailed retirement income inputs, including equity release, guaranteed income, and partner income. This will make Guiide+ the “holding hand” tool to be used through to the ‘end’ of retirement for later life income planning and support, particularly for the non-advised mass market.

A natural follow-on from the planning tools is to make drawdown safer and simpler for users via A collaboration with a tech-focused pension provider and a guaranteed income provider, will pay plans built with Guiide automatically by default until changed. It will allow individuals to monitor, track and adjust plans and add an element of guaranteed income paid into the pension pot if desired, whilst still maintaining all the flexibility of drawdown.

Kevin Hollister, Founder of Guiide, stated, “Retirement is no longer just about pensions. Our continued goal is to use tech to simplify the mystifying subject that is retirement planning and later life products. We believe a ‘put it all together and do it for me’ approach is the optimal route for the non-advised mass market to get the best retirement outcome.”

Previous Article

October 04, 2022

Chargeflow leverages SEON’s data to help merchants recover lost chargeback revenue

Read More
Next Article

October 04, 2022

Curve and Fidesmo to meet growing demand for wearable payments

Read More

IBSi Daily News Analysis

bahrain, islamic finance

February 22, 2024


What makes Bahraini Islamic Finance industry so robust

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 22, 2024

Revolut launches Robo-Advisor to automate investment processes

Read More

February 19, 2024

Saudi Arabia’s SNB Capital teams up with FinTech Malaa Technologies

Read More

February 19, 2024

Spare8 taps EbixCash’s MoneyWare to power Digital Gold Investment offering

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023