FinovateFall 2019 / Kindur
Presenter Profile:
How they describe themselves: Kindur provides straightforward digital advice and financial tools to a rapidly growing population of retirees living in a complex, post-pension world. Kindur’s platform simplifies savings, insurance, Social Security and healthcare costs, enabling users to focus on actually enjoying retirement, rather than worrying about running out of money. Kindur is a financial company that leverages its proprietary technology and user-friendly interface to solve one of the most pressing challenges facing baby boomers-longevity.
How they describe their product/innovation: Kindur’s platform features a personalized retirement plan, which uses proprietary technology backed by the company’s extensive financial expertise. The tool looks at an individual’s entire financial picture to develop a set of recommendations to build a “Retirement Paycheck.” This paycheck uses smart technology to help sequence withdrawals from a customer’s retirement accounts to minimize taxes, which could add years to the life of their portfolio.
Product distribution strategy: Direct to Consumer (B2C)
Contacts
Bus. Dev.: Katelyn Berk, Director of Marketing, Katelyn.Berk@Kindur.com
Press: Cat Crandall, cat.crandall@berlinrosen.com
Website: Kindur.com
LinkedIn: linkedin.com/company/Kindur
Twitter: @mykindur
HQ: New York, NY
Founded: September 2017
Product Demoed: Kindur’s Retirement Paycheck
Metrics: Kindur has raised $11.3M in funding and launched its first consumer-facing product in April 2019. Kindur is headquartered in New York City, and currently employs nearly twenty team members across product, marketing, user experience, tech, and legal teams. The average client is 61 years old and planning to retire in a few years’ time. Only one third of Kindur users have a pension, 35% have their equity tied up in their homes, and around 50% are afraid of running out of money in retirement and have chosen Kindur to help them better navigate this exciting phase of their lives.
Presenters: Rhian Horgan (CEO & Founder), Beth Weinrich (Analyst)
- Key Executives
Rhian Horgan (CEO & Founder)
Key Stats
- Key Board Members
Sean Park (CEO, Anthemis & Board Chair, Kindur), Pete Casella (Board Observer, Point 72), Mark Batsiyan (Board Observer, Inspired Capital)
- Key Investors
Kindur’s investors include Inspired Capital, led by Alexa Von Tobel, and other leading fintech VCs including Clocktower, Anthemis, Point72 Ventures, and angel investors including Jake Gibson, co-founder of NerdWallet, and James Walker, former Global Head of Investments at JP Morgan Wealth Management.
- Key Partnerships
American Equity Insurance Company, Apex Clearing