PensionBee Reports Strong Growth and US Expansion

PensionBee Group PLC (GB:PBEE) has released an update.

PensionBee Group PLC experienced robust growth in Q2 2024, with assets under administration rising by 40% to £5.2bn and a 19% increase in invested customers, now totaling 252,000. The company has successfully achieved positive Adjusted EBITDA for the quarter and remains on target for full-year profitability in the UK. Furthermore, PensionBee has announced its expansion into the US market, launching its subsidiary and partnering with State Street Global Advisors to tap into the substantial Defined Contribution pension sector.

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