Smart, the British FinTech specialising in global retirement savings technology, has secured a €69.4 million credit facility to support Smart’s future growth plans and leverage opportunities within a rapidly consolidating market in the UK.
The financing was arranged by CIBC Innovation Banking, which acted as lead arranger and agent. Aquiline Capital Partners, Legal & General Investment Management, J.P. Morgan, Link Group, Natixis Investment Managers, Barclays, Chrysalis Investments, DWS Group, and Fidelity International Strategic Ventures are all investors in Smart.
Eoin Corcoran, Chief Financial Officer, Smart, said: “We are delighted with the growth we’ve achieved in recent years alongside the important milestone of becoming a profitable business.
“CIBC Innovation Banking has been an important part of our journey since 2022 and their ongoing support will enable us to continue developing innovative solutions to help employees around the world save more effectively for retirement. This facility will also help us take advantage of opportunities that will come as the UK market consolidates at a rapid pace.”
Founded in 2014 by Andrew Evans and Will Wynne, Smart is a global savings and investments technology platform provider, helping employers easily enrol employees and manage their retirement savings.
Its flagship product, Keystone, is a global, cloud-native, workplace retirement savings platform. It is specifically designed to help governments and financial institutions (including insurers, asset managers, banks and financial advisers) deliver retirement savings and income solutions that aim to be digital, bespoke and cost-efficient.
Smart also owns and operates one of “the big four” UK auto-enrolment master trusts, the Smart Pension Master Trust, serving more than 1.5 million savers and more than 90,000 employers entrusting over £10 billion in assets on its Keystone platform
Recognised as one of the UK’s largest workplace pension providers, it is backed by industry heavyweights Legal & General Investment Management and J.P. Morgan.
In addition to the UK, Smart is operating in the US, Europe, Middle East and Asia, with more than 1.5 million savers entrusting over €11.5 billion in assets on its Keystone platform.
Sean Duffy, Managing Director & European Market Lead, CIBC Innovation Banking, added: “Smart’s modern technology, coupled with sector expertise, is the factor for its success to date in the retirement and pension industry. We are thrilled to continue supporting the Smart team on its mission to help transform retirement, savings and financial well-being for employees, employers, financial institutions, and governments globally.”
Read the orginal article: https://www.eu-startups.com/2025/08/retirement-gets-a-boost-as-london-based-smart-pension-secures-e69-4-million-credit-facility/
