Technology

London-based DWS Smart Rope as part of £ 165m in funding to transform retirement around the world

London-based smart, fast-growing global retirement technology on a mission to transform retirement, savings and financial well-being in the UK and around the world ProviderAnnounced that DWS Group (DWS) has participated in a £ 165m Series D funding round and acquired a minority stake. This follows the recent announcement that Chrysalis Investments has joined the startup’s prestigious list of investors.

Great list of investors

Investment from DWS, one of the world’s leading asset managers with a € 8.59 billion AUM known for excellence in Europe, America and Asia, is a major source of disruption in the global retirement technology sector. Further strengthens the smart position of the savers and brings better results as they move towards and beyond retirement. The technology of this platform enhances its own Captive Master Trust, one of the UK’s “Big 4” auto-registration master trusts, and has partnered with major international financial institutions such as Zurich in Dubai and New Ireland Assurance in Ireland. I am.

Existing investors include Chrysalis Investments (a portfolio of 12 businesses includes Wise and Starling Bank), Barclays, JP Morgan, Legal & General Investment Management, Link Group and Natixis Investment Managers. Chrysalis Investments leads the Series D funding round with an investment of £ 75m.

Smart Technology platform Serving nearly one million savers and getting on track to support five million savers in the next 24 months, it has grown from £ 100 million to £ 2 billion in just two years.

Entry into the global retirement market

“We look forward to offering the opportunity to work with innovative retirement tech disruptors that are growing rapidly and in a good location to compete in both the UK and global retirement markets. Contribution savers are trying to diversify their returns across an increasingly broad range of asset classes. DWS’s asset management capabilities in both private and listed markets are in an ideal position to meet evolving needs. I believe it means, “says Dirk Goergen. As a member of the DWS Group Executive Committee and Head of Client Coverage, he is responsible for sales management and global sales strategy.

Mark Cullen, Member of the DWS Group’s Executive Committee and Chief Operating Officer, said: We believe that the strengths of Smart’s technology platform underpin its current success and that DWS’s asset management capabilities may help achieve Smart’s global ambitions. “

Savings and financial well-being

Will Wynne and Andrew Evans, co-founders of Smart, commented: We are pleased that Smart’s journey has been recognized. Also, the big additional opportunity in front of us in the $ 55 trillion global retirement savings market means they will join us as investors and partners and drive global growth as a wave. To do. The results of law revisions will dominate the world. Our mission is to “transform retirement, savings and financial well-being for all generations around the world.” With strategic partners like DWS Group and existing stable investors, we are in a great place to keep going to make it happen to governments, financial institutions, employers and savers around the world. , Providing a better financial future. “



https://www.uktech.news/featured/london-based-smart-ropes-in-dws-as-part-of-165m-funding-to-transform-retirement-across-the-world-20211006 London-based DWS Smart Rope as part of £ 165m in funding to transform retirement around the world

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