Jarvis, a pension fintech that empowers employees to plan for their ideal retirement actively, has raised £1.8 million in seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund. The investment will support growth and product development as it integrates with the broader ecosystem of pension-related services.

Jarvis offers a comprehensive retirement planning solution through two main components - the Jarvis Pension and an app. The Jarvis Pension includes both personal and workplace "jars," allowing users to manage their pensions and contributions in one place. The 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. It also integrates broader financial data such as cost of living, tax rates, and inflation.

For employers, Jarvis provides a financial wellness solution, including an auto-enrolment workplace pension designed for the modern workforce. By integrating with payroll systems through its API, Jarvis enables seamless reconciliation of payroll data, simplifying financial management for both employers and employees.

Royden Greaves, CEO and Founder of Jarvis said: “Over my 15 years in the wealth management space, I've seen the stark contrast between those who can afford continuous financial advice and the majority who cannot. This inspired me to create a solution accessible to everyone, regardless of their financial status. Jarvis is designed to provide clarity and empower individuals to enjoy their lives now while planning effectively for the future. Traditional advice often centres on saving for a rainy day, but we understand that people want to live fulfilling lives today. Our platform helps users balance current enjoyment with future security. This investment will support our continued growth as we integrate with the broader ecosystem.”

Emma Steele, Partner at Ascension VC said: “Jarvis is filling a crucial gap in the market by offering vital retirement planning tools tailored for today's workforce. We are thrilled to support Royden and the team as they continue to innovate and expand their offerings to cater to the needs of modern employees. We believe Jarvis has the potential to revolutionise the pensions industry and set a new standard for retirement planning.”

Rodney Appiah, Managing Partner at Cornerstone VC said: “We are proud to back Royden in his mission to transform retirement planning for the hybrid worker. As we all live longer, the need for dynamic and personalised tech in the pensions industry has never been clearer. Jarvis recognises that need and has developed an intuitive platform that gives employers the tools to simplify pension management and users the information to not only save for retirement, but shape it. We look forward to helping the team build the future of pensions with Jarvis.