A fintech start-up goals to achieve a valuation of €250 million inside 5 years by disrupting the pension business in the identical means digital invaders like Revolut have disrupted retail banking.
Backed by actuary Conor O’Neill, a co-founder of unfold betting agency Delta Index, Marshmallow payments itself as Europe’s first digital pension supplier. Virtually €500,000 in pre-seed funding has been raised from non-public traders and founders to develop its digital capabilities. Along with O’Neill, the founders are Chief Government Ailish Dooley, Chief Expertise Officer Richard Skinner and sports activities broadcaster Daire O’Brien.
Work is underway to lift €3 million in enterprise capital later this yr if Marshmallow plans to go to market after receiving a license from Central