The funding round was co-led by Ascension VC and Cornerstone VC, with additional support from Tokio Marine Future Fund. This investment is aimed at supporting Jarvis's growth and further developing its product as it integrates within the broader pension-related services ecosystem.

As the global workforce trends towards increased financial independence, fuelled by the rise of self-employment and the gig economy, traditional workplace benefits like pensions are becoming less accessible. By 2028, over 50% of the global workforce is projected to be self-employed. This shift underscores the critical need for comprehensive retirement planning tools.

Jarvis addresses this need with a robust retirement planning solution comprising the Jarvis Pension and a user-friendly app. The Jarvis Pension includes both personal and workplace "jars," enabling users to manage their pensions and contributions in a single platform. The app offers real-time insights into retirement goals and simplifies pension management, covering aspects such as setting retirement budgets, planning joint retirements, consolidating old pensions, and adjusting investment risk profiles. It also integrates broader financial data like cost of living, tax rates, and inflation.

For employers, Jarvis provides a financial wellness solution that includes an auto-enrolment workplace pension tailored to the modern workforce. Through its API, Jarvis seamlessly integrates with payroll systems, enabling effortless reconciliation of payroll data and 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.