Digital workplace pension provider Penfold has appointed fintech verteran Jonathan Schneider as its new chairman as it looks to expand into the corporate market.
Schneider has a 25-year career, working in the fintech sector and supporting high-growth finance firms. Penfold says he brings a track record of scaling platforms from early-stage disruptors into major institutional players.
Schneider currently chairs a portfolio of technology-led businesses, including Ada Health, Multiply.ai — an AI-powered financial advice platform operating in an adjacent wealth sector — and Wurthy.ai. Previously he was chairman of Iwoca, a role he held since its seed round and then helped steer the lender to over £3bn in loans disbursed, funding thousands of SMEs.
At Penfold, Schneider will work closely with the executive team as a sounding board on strategy, fundraising, and the company’s expansion into the broader corporate market.
Penfold co-founder and CEO Chris Eastwood says: “[Schneider ] has been in the trenches of the fintech world for two decades. He’s seen the full lifecycle of a growth business, from first fundraise to eventual exit.
“As Penfold scales, having that breadth of perspective on our board is a massive advantage.”
Schneider adds: “Pensions are a company’s most expensive employee benefit – and the one that’s least well understood by employees. What impresses me about Penfold is their focus on the employee experience and employee financial wellbeing. The team has built a pension product that delivers real value and I’m excited to support the business through its dramatic growth.”