Company Information

Get to know Penelope

Penelope is a financial technology company on a mission to make retirement savings accessible and affordable for small and micro-businesses. The company was founded to address the gap in retirement plan access for millions of American workers. Penelope offers a technology-driven 401(k) solution, specifically a Pooled Employer Plan (PEP), that simplifies administration, reduces fiduciary liability, and lowers costs for employers. Its platform is designed to be intuitive for both employers and employees, automating contributions and investment management.

Industry

Financial InvestmentPRIMARY
Financial Other Service

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Penelope

United States

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.