What is Silvur?
Silvur operates as a comprehensive super-app designed to guide individuals aged 50 and above toward achieving their retirement aspirations. The platform offers a suite of interactive tools and curated content, providing personalized projections for retirement savings. These projections are informed by users' current income, spending habits, assets, and account balances, complemented by strategic advice to ensure financial longevity. Silvur's membership grants access to premium calculators for Social Security and healthcare costs, a cost-of-living tool that assesses the duration of retirement savings in any U.S. location, and a 'Retirement School' program aimed at building confidence for a secure retirement. The app was initially developed by its parent company, Kindur, which was recognized on the 2020 Forbes Fintech 50 list.
How much funding has Silvur raised?
Silvur has raised a total of $10.6M across 3 funding rounds:
Angel/Seed
$1.3M
Series A
$9M
Debt
$350K
Angel/Seed (2017): $1.3M with participation from Anthemis
Series A (2018): $9M, investors not publicly disclosed
Debt (2020): $350K supported by PPP
Key Investors in Silvur
Anthemis
Anthemis is a prominent venture capital firm known for its strategic investments in disruptive financial technology companies. Their involvement suggests a focus on innovative solutions within the fintech landscape.
PPP
Public-Private Partnership
What's next for Silvur?
The recent major strategic investment in Silvur signals a critical phase of scaling and market expansion. With its foundation built on addressing the nuanced financial planning needs of the pre- and post-retirement demographic, the company is poised to enhance its technological infrastructure and broaden its user acquisition strategies. Future developments are likely to focus on deepening the personalization of its financial tools and expanding its content offerings to cover a wider array of retirement-related concerns, such as estate planning and healthcare management. This capital infusion will be instrumental in solidifying Silvur's position as a leader in the retirement fintech space, potentially exploring partnerships to further integrate its services into the broader financial ecosystem.
See full Silvur company page
