What is Cushon?
Founded in 2014 and headquartered in Dorset, United Kingdom, Cushon is dedicated to fostering healthy savings habits among employees through a comprehensive digital platform. The company offers a suite of workplace financial products, including Individual Savings Accounts (ISAs), investment accounts, and pensions, all accessible via a user-friendly mobile application. Cushon aims to improve employees' financial futures by providing end-to-end management of their savings and investments, thereby boosting engagement and financial literacy.
How much funding has Cushon raised?
Cushon has raised a total of $84.5M across 2 funding rounds:
Other Financing Round
$36.8M
Other Financing Round
$47.7M
Other Financing Round (2021): $36.8M with participation from AshGrove Capital and Augmentum Fintech
Other Financing Round (2022): $47.7M led by Augmentum Fintech and AshGrove Capital
Key Investors in Cushon
Augmentum Fintech
Augmentum Fintech is a prominent investment firm specializing in fast-growing fintech businesses across the UK and Europe. As the UK's sole publicly listed investment company focused on fintech, it provides patient capital and strategic support to disruptive financial services companies.
AshGrove Capital
AshGrove Capital provides tailored credit solutions for B2B software and services businesses, focusing on founder-led and sponsor-backed companies. They offer flexible, non-dilutive financing options, typically investing between EUR10-50 million to support business growth.
What's next for Cushon?
The recent major strategic investment signals a pivotal phase for Cushon, likely enabling the company to accelerate its product development, expand its market reach, and enhance its technological infrastructure. This capital infusion is expected to bolster Cushon's efforts in disrupting the traditional employee benefits landscape by offering a more integrated and digitally-native solution for financial wellness. The company's focus on encouraging savings and providing accessible investment opportunities positions it for continued expansion within the competitive fintech and employee benefits market.
See full Cushon company page
