Updated
Updated · thesaasnews.com · Jun 19
Festina Finance Raises €25 Million at €200 Million Valuation to Expand in UK
Updated
Updated · thesaasnews.com · Jun 19

Festina Finance Raises €25 Million at €200 Million Valuation to Expand in UK

1 articles · Updated · thesaasnews.com · Jun 19

Summary

  • More than €25 million in growth capital will fund Festina Finance’s next expansion phase, valuing the Copenhagen-based pension and life-insurance software provider at about €200 million.
  • Birchway Capital led the round, backing Festina’s cloud-native modular platform for policy administration and its API-first advisory workbench for investment professionals.
  • The new money is earmarked for further development of Festina’s core life and pension platform, along with team growth and international expansion focused on the UK market.
  • Founded in 2007 by Morten Schantz, Festina sells system-of-record technology to pension funds, life insurers, banks and wealth managers seeking to modernize legacy operations.

Insights

As AI becomes standard, how will Festina's €25M help the pension industry navigate this major architectural shift?
Can new tech solve the psychological barriers preventing millions of UK households from investing?