ClearGlass Analytics: UK fintech that aims to disrupt pensions world picks up £2.6M
ClearGlass Analytics, a digital intermediary between asset managers and pension funds, has closed a £2.6 million funding.
Who backed ClearGlass?
The funding round was backed by VC Lakestar and Outward VC, and several significant angels from both the asset management and pension fund worlds.
These include Ruston Smith, a well-known professional pension trustee, Richard Butcher, Chair of the PLSA (UK pension trade body), Chris Wilcox, former Global Head of JP Morgan Asset Management, and his former JP Morgan colleagues Rob O’Rahilly, Sikander Ilyas, and Alex Large.
How will the funding be used?
The company will use the funding to further expand into the UK Defined Contribution pension market and consolidate its early footprint in Europe and Africa.
Further, they also plan to leverage their network to collect other data and build new and more useful Value-for-Money assessment tools for pensions.
A digital intermediary
Founded by Dr. Christopher Sier, Ritesh Singhania, and Kunal Varma, the UK company acts as the data interface between asset managers and their clients, offering pension funds a digital platform where they can see all of their investment costs in one place.
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