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Penfold founder: Here’s how I would change our early MVP

Chris Eastwood Penfold co-founder

Chris Eastwood is the co-founder and CEO of Penfold, a London-based digital pension provider for auto-enrolments.

Eastwood left a career in M&A and corporate consulting to found Penfold after observing what he considers overly complex pension providers putting people off saving for retirement.

Penfold says it has grown to more than 62,000 savers with over £350m of assets since its 2019 launch. Companies that offer Penfold for auto-enrolment include Brightpay, Deel and Pento. The company recently closed a new funding round, taking its total funding to £19m.

In this week’s Founder in Five Q&A, Eastwood shares his tips for boosting productivity while avoiding burnout, reflects on early mistakes with Penfold’s minimum viable product (MVP), and explains why mission focus, transparency and culture are key motivators....