UK. Investors back pension comparison app
Age Wage, a new defined contribution comparison service, is en route to double its funding target after receiving £305,600 from more than 400 investors.
On March 18 the fintech company launched a crowdfunding campaign through investment platform Seedrs to raise £175,000 to create the infrastructure around the DB comparison product, with the technology behind it already in place.
Henry Tapper, chief executive of Age Wage, announced yesterday (May 6) that the company has almost doubled its target after it raised more than £305,000.
The crowdfunding campaign is still open and is set to continue for a few more days, Mr Tapper added. Age Wage plans to launch an app which will allow savers to receive a score for their pension and switch to another provider if they’re not happy with their results.
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