Penfold, the digital workplace pension provider, has appointed Jonathan Schneider as Chairman, adding one of the UK’s most experienced fintech founders and investors to its board.

Schneider joins as Penfold accelerates its growth within the workplace savings market. With a 25-year career spent building and backing high-growth finance firms, he brings a track record of scaling platforms from early-stage disruptors into major institutional players.

Notably, Schneider has been the Chairman of Iwoca since its seed round and has helped steer the lender to over £3bn in loans disbursed, funding thousands of SME’s. He brings deep experience of supporting businesses through their scale-up phase and has founded and sold businesses, including Capital Step (exited via the LSE listed Duke Roylaty plc)  and, most recently, the 2025 sale of Provira to an institutional capital backed roll up.

Chris Eastwood, CEO and Co-founder of Penfold, said: "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."

Jonathan Schneider added: “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.”

Schneider currently chairs a portfolio of technology-led businesses, including Ada Health, Multiply.ai, an AI-powered financial advice platform operating in an adjacent wealth sector, and Wurthy.ai. His arrival at Penfold follows a career that began as a chartered accountant at Price Waterhouse and a banker at Merrill Lynch, before moving to the buy-side where he established the award-winning Novator Credit Opportunities fund.

At Penfold, Schneider will work closely with the executive team as a sounding board on strategy, fundraising, and the company’s expansion into the broader corporate market.