Smart Secures £60M Credit Facility to Support Growth Plans
Smart, a leading fintech company based in London, UK, has announced the successful acquisition of a £60M credit facility to bolster its retirement savings technology. The funding round was spearheaded by CIBC Innovation Banking, highlighting the company’s commitment to expanding its presence in the rapidly evolving UK market.
Key Points:
- Smart is a globally recognized provider of savings and investments technology, offering innovative solutions for employers to streamline employee enrollment and manage retirement savings effectively.
- The company’s flagship product, Keystone, is a cutting-edge cloud-native platform designed to revolutionize workplace retirement savings. Additionally, Smart operates the renowned Smart Pension Master Trust, catering to over 1.5 million savers and 90,000 employers.
- With the new funding in place, Smart aims to capitalize on emerging opportunities within the UK market and drive sustainable growth in alignment with its long-term strategic objectives.
Smart’s unwavering dedication to innovation and customer-centric solutions positions it as a key player in the fintech industry, poised to shape the future of retirement savings technology.
