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

1 min read | February 09, 2021 11:19 AM GMT | By Team Kalkine Media
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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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