Pension FinTech Jarvis secures £1.8m funding

By Gloria Methri

London-based pension FinTech Jarvis has raised £1.8 million in a seed funding round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund. The investment will support growth and product development as it integrates with the broader ecosystem of pension-related services.

The global workforce is shifting towards greater financial autonomy, driven by the rise of self-employment and the gig economy. More than 50% of the global workforce is projected to be self-employed by 2028. Traditional workplace benefits like pensions are becoming less accessible, making the need for comprehensive retirement planning tools more important.

Jarvis offers a comprehensive retirement planning solution through two main components – the Jarvis Pension and an app. The Jarvis Pension includes both personal and workplace “jars,” allowing users to manage their pensions and contributions in one place.

The app provides real-time insights into retirement goals and simplifies pension management, including setting retirement budgets, planning joint retirements, consolidating old pensions, and adjusting investment risk profiles. It also integrates broader financial data such as cost of living, tax rates, and inflation.

For employers, Jarvis provides a financial wellness solution, including an auto-enrolment workplace pension designed for the modern workforce. Through its API, Jarvis integrates with payroll systems and enables seamless reconciliation of payroll data, simplifying financial management for both employers and employees.

Royden Greaves, CEO and Founder of Jarvis, said, “Over my 15 years in the wealth management space, I’ve seen the stark contrast between those who can afford continuous financial advice and the majority who cannot. This inspired me to create a solution accessible to everyone, regardless of their financial status. Jarvis is designed to provide clarity and empower individuals to enjoy their lives now while planning effectively for the future. Our platform helps users balance current enjoyment with future security. This investment will support our continued growth as we integrate with the broader ecosystem.”