Penfold, a startup that offers a full stack pension in a smartphone app, has closed a $8.5 million (£6m) funding round, $4M of which was from a crowdfunding campaign. The company is now approved by the FCA to operate a pension itself rather than relying on third parties, and is aimed at freelancers who rarely save. The round was led by Bridford Group, the Family Office of Jorg Mohaupt, allegedly the only Angel investor in Adyen. Alan Morgan of MMC Ventures also invested. Penfold says it built the backend infrastructure…
