Penfold

Founded as a digital-first personal pension product, Penfold evolved into a workplace auto-enrolment pension platform targeting employers and financial advisers. The company built a modern infrastructure stack on top of Seccl Custody for asset safekeeping and adopted TrueLayer for open-banking-powered payment initiation to replace slower traditional contribution rails. Its most material recent pivot is the build-out of deep payroll integrations (Xero, QuickBooks, FreeAgent, Pento, FreshPay), repositioning Penfold as the embedded pension layer inside UK payroll software rather than a standalone consumer app.