Member Article

London tech startup systemsync lands second investment round

London-based systemsync solutions ltd has today announced that it has closed its second round of investment, as it looks to establish itself as a major player in the automatic enrolment pension market.

The new investment, the company’s second round, brings the total raised to £2.6 million since the company was created in March 2015.

systemsync solutions is the owner of pensionsync which allows payroll software and HR/employee benefit platforms to exchange data with multiple pension providers via a single data interface. The firm says its offering will help to simplify and reduce the cost of processing automatic enrolment pension schemes.

This second investment round was timed, and sized, to ensure the company can scale to meet the needs of a new market opportunity surrounding the government’s new legislation.

The main investors for this funding round are from the financial services community, representing mainly high net-worth individuals but also some institutions. All investors involved in the initial seed round in March 2015 have invested again in this planned follow-on round, along with systemsync CEO, Will Lovegrove.