Kindur Raises $1.25 Million in Seed Funding for Retirement Platform
Kindur, a fintech startup building a platform to support Baby Boomers as they transition into retirement, today announced the recent closing of its seed fundraising round. The company raised $1.25 million in a round led by Anthemis. The seed round will be used to expand the company’s team and support its launch in the U.S.
Kindur is built on the premise that effective retirement planning must take into account all aspects of a retiree’s financial life, including their health and wealth. The Kindur platform provides solutions to two growing challenges for financial wellness in retirement: rising longevity and the rising cost of long-term care.
In parallel with this round, Kindur has hired Scott Turnquest, formerly of GitHub and fintech startup Earnest, as Chief Technology Officer.
“There is a lot of anxiety around retirement,” Turnquest said, “and I think that by removing some of the complexity around it and offering a financial path that’s simple and easy, we can give people some real peace of mind. I’m excited to be here, helping to improve the retirement experience for so many everyday people.”
Prior to founding Kindur in 2016, Founder and CEO Rhian Horgan spent 17 years at J.P. Morgan Asset Management. It was there that she first experienced the wide range of different financial needs — and differing types of financial advice — that go into the retirement planning process.
“Kindur grew out of my own experience helping my parents plan for retirement,” said Horgan. “I saw firsthand how complex and confusing the process can be, both for retirees as well as their families. As the Baby Boomer generation starts to leave the workforce en masse, we’re going to see how complex modern retirement is. Kindur is dedicated to guiding Americans through the key decisions they will need to make for their health and wealth, as they enter retirement and in the years that follow.”
Sean Park, founder and chief investment officer of Anthemis, said: “It’s not inconceivable to think that people will soon be spending 20, 30 years or more in retirement. That makes it increasingly important to plan carefully for all of life’s health and wealth decisions as part of a single set of decisions. Kindur is well-positioned to bring this kind of holistic thinking to the retirement and insurance space.”
