35-year-old PensionBee founder to make £135m windfall in float – live updates – The Telegraph

Good morning. Throughout your career, an array of saving options and pensions can build up and make it hard to keep track of just how well your pot is doing. That is where PensionBee comes in.

Its app and online portal allow users to combine their various contributions into a single place while picking from a range of funds and plans.

That concept is about to give its founder, Romi Savova, 35, a substantial nest egg of her own. PensionBee this morning confirmed its intention to go public in a deal that is expected to value it at around £300m. Savova still owns almost 45pc of the company, giving her a tidy sum from the start-up. 

Her stake will be worth £135m, although she is not planning on selling any shares.

She said: “Becoming a publicly traded company has long been part of our strategy to be the best universal online pension provider and I am delighted to confirm PensionBee’s intention to float. There is a significant growth opportunity for PensionBee, as a result of the acceleration of the shift to digital, the frequency of individuals moving jobs and the increased duration of working life.”