Scottish fintech Guiide has raised a new investment of around £200,000 and welcomes three new additions to the team

Scottish fintech Guiide has raised a new investment of around £200,000 and welcomes three new additions to the team

Scottish fintech Instructions has raised a new investment of around £200,000 and welcomes three new additions to the team.

Guiide is pleased to announce that it has raised this new money from existing investors. It has also strengthened its team with the addition of two new directors and a very experienced advisor.

The two new directors are Clare Hawkins, a former NHS Trust Chief Executive, who will lead governance, and Stewart Lawrie, an experienced financial systems developer, who will lead our development team going forward.

Additionally, Mike Robins, a former partner at 3i, who has extensive knowledge of equity finance and small business growth, has joined Guide as a board advisor.

New Initiatives – Guide +

The funds will be used to support two new initiatives.

The first is Guide+, which will be launched soon. This is an addition to our free online service for registered users. At the heart of this development will be a full pensions dashboard, showing real-time values ​​for an individual’s pensions and all other sources of income and savings.

The dashboard is accompanied by Guiide’s tracking tools, which show how an individual’s long-term plan is impacting as they earn income and their live pension pot values ​​vary over time.

Guide+ will also model and support more complex and detailed retirement income inputs, including equity release, guaranteed income, and partner income. This makes Guiide+ a “holding hand” tool that can be used until the “end” of retirement for later income planning and support, especially for the non-advisory mass market.

guide.auto

A natural continuation of the planning tools is to make the drawdown safer and easier for users via Guide.auto.

Guiide.auto is a collaboration with a technology-focused annuity provider and a guaranteed income provider. By default, Guiide.auto automatically pays out plans created with Guide until they are changed. It will allow individuals to monitor, track and adjust plans and add an element of guaranteed income to the pension fund if they so choose, while retaining full flexibility of use.

Guiide.auto is the “put it all together and do it for me” option that we think the non-recommended market needs. This was a popular concept among Guide users with hundreds of registrations interesting for the November 2022 product launch.

Kevin Hollister, Founder of Guide stated: “Retirement is no longer just about pensions. Our continued goal is to use technology to simplify the mysterious issue of retirement savings and products for later life. We believe that a ‘put it all together and do it for me’ approach is the optimal way for the advice-free mass market to achieve the best retirement outcome.”

Comments are closed.