Company: Jarvis
Founder: Royden Greaves
Website: https://www.getjarvis.app/
About Jarvis
Founded in 2022 by CEO Royden Greaves, Jarvis is overcoming the challenge of making pensions accessible and engaging for workers in the UK. It’s tackled this by building a Lifetime Pension with both Personal and Workplace jars and by creating a user experience that feels like a challenger bank.
As Jarvis has identified the “missing link” and retirement guidance gap in pensions, it has created a complete pensions solution covering the needs of employed workers and the self-employed as a real alternative to the traditional “old school” incumbents.
The pension fintech was born after Royden spent over a decade working in Wealth Management and realised that access to financial planning was limited to a select few. As such, he knew he had to simplify pensions and empower individuals from all backgrounds to take control of their financial future. Now a team of six, Jarvis has evolved to provide a pension that workers actively engage with. It offers an app that allows employees to know exactly how and when they can retire.
Jarvis raised £1.8 million in seed funding in July 2024, co-led by Ascension VC and Cornerstone VC with participation from Tokio Marine Future Fund. Its 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. Jarvis also integrates broader financial data such as cost of living, tax rates, and inflation.
The pension fintech offers pension tracing, a previously time-inefficient and bureaucratic process for employers and employees alike. It also has a retire now offering, a ‘smart savings’ suggestions feature that tells you exactly how much you’d need to save to reach a desired retirement age sooner than an individual’s current achievable retirement age. The business has built a Lifetime Pension with Personal and Workplace jars, allowing customers to manage their pensions and contributions in one place.
For employers, Jarvis provides a financial wellness solution, including an auto-enrolment workplace pension designed for the modern workforce.
With more than 50% of the global workforce projected to be self-employed by 2028, traditional workplace benefits like pensions will be less accessible. Jarvis caters to this growing demographic by providing a planning tool for the self-employed so that this group is not left behind when it comes to comprehensive retirement planning. The business is addressing the often overlooked sectors of the workforce and providing everyone with a seamless and innovative solution to pensions.
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