Copenhagen's Festina Finance secures over €25 million to modernise pensions and life insurance platforms
Danish fintech Festina Finance has raised over €25 million in growth funding from Birchway Capital to accelerate the development of its cloud-native pension and insurance platforms and expand internationally.
Festina Finance, a Copenhagen-based fintech startup that provides cloud-native modular technology platforms for pensions, life insurance and financial planning, has secured over €25 million in growth investment. The funding comes from Birchway Capital, a UK-based growth equity investor focused on B2B technology, fintech and AI businesses. The transaction values the company at approximately €200 million.
According to Morten Schantz, founder of Festina Finance, the pensions and life insurance industry is undergoing a major technology transformation driven by the need to replace legacy infrastructure with modern, flexible platforms. Schantz noted that the company focuses on building cloud-native modular systems that enable providers to adapt quickly, improve operational efficiency and deliver better outcomes for members without compromising resilience or control. The investment will accelerate this work and allow the platform to scale across Europe as demand for modern pensions infrastructure grows.
Founded in 2007, Festina Finance offers a system-of-record technology platform. Its flagship Life & Pension platform provides modular policy administration capabilities, while the Advisor platform delivers an API-first advisory workbench for investment professionals. Kilian Pender, founding partner at Birchway Capital, said that Festina Finance has built a strong platform in a market where many pension providers and life insurers still rely on legacy systems. Customer discussions confirmed the strength of the technology and its importance in modernising mission-critical operations.
With this capital, the company plans to support its next growth phase, including continued development of its life and pension platform, team expansion and international growth, with the UK identified as a key strategic market. Following the investment, Netcompany will hold a 22% stake in Festina Finance. The two companies will continue close collaboration, with Festina Finance's core pension capabilities integrated into AMPLIO Life & Pension and further cooperation via Netcompany Banking Services. Currently, Festina Finance's platforms support customers responsible for approximately 10 million pension policies and 3 million banking customers across Europe. The company employs more than 200 people and operates in Denmark, the Netherlands, the UK and Norway.
