# Cushon Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cushon-money

- Industry: Financial Services
- Headquarters: UK
- Website: www.cushon.co.uk
- Total disclosed funding: $8.5M
- Latest round: Series A (May 15, 2020)
- Investors on record: 1

## About

Based in Southwark, UK, and founded in 2014 by CEO Ben Pollard, Cushon Money Limited, f.k.a. Smarterly Limited, a.k.a. Cushon operates as a workplace savings company that provides an online investment account management platform that allows users to choose where to invest, as well as monitor their investments. In February 2023, Royal Bank of Scotland agreed to acquire an 85% majority stake in Cushon Money Limited from Major Oak Capital Limited, Augmentum, and AshGrove Capital for GBP 144 million.

Cushon’s primary products are its workplace ISA and master trust pension, which offers an investment strategy designed to drive down the financed CO2 emissions of customers' investments. The company also provides lifetime ISA, junior ISA, and investment accounts. The lifetime ISA is a tax-free savings account to help first-time home buyers aged 18-39 get on the property ladder and/or save money towards retirement whereas a junior ISA is a long-term, tax-free savings account that lets individuals save and invest on behalf of a child under the age of 18.

## Funding rounds

- Series A, May 15, 2020, $8.5M — Major Oak Partners

## Investors

- Major Oak Partners (https://capitalatlas.ai/funds/major-oak-partners) — Series A