Savvly, a company focused on long-term financial security, has secured $20,000 in new funding from investors. This capital infusion marks a significant step for the firm as it continues to develop and expand its offerings in the financial services sector.
Savvly partners with employers to provide Longevity Benefits, a regulated financial solution designed to complement traditional 401(k)s and pensions. This innovative approach addresses the challenge of increasing lifespans by offering structured payouts at ages 80, 85, 90, and 95. The aim is to ensure employees have a reliable income stream in their later years, providing peace of mind beyond the typical duration of existing retirement plans.
The newly raised funds are earmarked for advancing Savvly's technology platform and expanding its outreach to employers. This investment will support the company's strategic growth initiatives, enabling it to enhance its service delivery and broaden its market presence. The funding underscores investor confidence in Savvly's mission to address the evolving needs of long-term financial planning.
Savvly operates with an experienced team drawn from institutions such as McKinsey, Aon, Allianz, and Stanford University, and is a partner of Gallagher, AgeTech Collaborative from AARP, and Techstars. This expertise supports its commitment to delivering robust and reliable financial solutions.
Looking ahead, Savvly plans to leverage this investment to further its commitment to helping individuals plan for extended lifespans. The company aims to continue expanding its partnerships and refining its Longevity Benefits to meet the growing demand for comprehensive post-retirement financial security.
