Penfold strengthens board with fintech chair

Digital workplace pension provider Penfold has strengthened its board with the arrival of fintech veteran Jonathan Schneider as chairman, as the company accelerates its expansion into the corporate market.

Jonathan brings more than 25 years’ experience building and backing high-growth financial services businesses. 

He is chairman of SME lender Iwoca, where he has supported the business since its seed round and helped scale it to more than £3 billion in loans disbursed. 

His career includes founding and exiting multiple businesses, alongside chairing a portfolio of technology-led companies across fintech, healthtech and AI.

At Penfold, Jonathan will work closely with the executive team, supporting strategy, fundraising and the company’s next phase of growth within workplace savings.

He said: “Pensions are a company’s most expensive employee benefit – and the one that’s least well understood by employees. 

“What impresses me about Penfold is their focus on the employee experience and employee financial wellbeing. 

“The team has built a pension product that delivers real value and I’m excited to support the business through its dramatic growth.”

Jonathan’s appointment adds significant scale-up and governance experience to Penfold as it continues to grow its presence in the UK pensions market.

Chris Eastwood, chief executive and co-founder of Penfold, added: “Jonathan has been in the trenches of the fintech world for two decades. 

“He’s seen the full lifecycle of a growth business, from first fundraise to eventual exit. 

“As Penfold scales, having that breadth of perspective on our board is a massive advantage. 

“He understands our mission to fix a broken pension system, and he has the commercial capability to help us get there faster.”

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