How PensionBee created 300 million pounds with their retirement savings app?

PensionBee an online service streamlining pension payments from multiple streams is capitalizing from more defined contribution pensions with the shift away from heavy-leaden final salary schemes. 35yr old founder Romi Savova a former investment banker sees her company premier on the London Stock Exchange (LSE) earning her approximately 120 million pounds on paper. The company is said to have a minimum valuation of 300 million pounds and will invite its customer base to buy stocks the initial offering of the IPO will be in the 10-25% of the high-growth sector a huge increase in customer’s, jumping up 86% in the last 12 months. Its revenue reached 6.3 million pounds in 2020, but as any new startup, a large amount of funds was spent on advertising creating losses of 13 million pounds.

 


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