Charly offers a unique equity insurance product designed to mitigate the lifetime income gap between parents, particularly addressing the financial disparities that arise during parenthood. By facilitating long-term savings and pension contributions, the platform enables families to achieve greater economic equality and reduce financial stress.
Funding
$6.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
A significant lifetime income gap exists between parents, particularly impacting women's income and career advancement due to the financial burdens and career interruptions associated with parenthood. This disparity can lead to long-term financial stress and economic inequality within families.
Solution
Charly offers an equity insurance product designed to mitigate the lifetime income gap between parents by facilitating long-term savings and pension contributions. The platform enables families to balance their finances and responsibilities, fostering greater economic equality and reducing financial stress. By calculating income and pension losses related to parenthood, Charly provides a tailored savings plan to bridge the gap to retirement. The insurance is provided by Futuro and invests in a pre-selected fund portfolio, focusing on sustainability and offering low fees without binding contracts, with a target return of 6.5%.
Target Audience
Charly targets parents, particularly women, who experience income and career disadvantages due to parenthood and seek to balance their finances and responsibilities for long-term economic equality.
Features
- Personalized savings plans based on calculated income and pension losses due to parenthood.
- Long-term savings and pension contribution facilitation.
- Investment in a pre-selected fund portfolio with a focus on sustainability.
- Low fees without binding contracts.
- Target return of 6.5%.
- Provided as a fondförsäkring (unit-linked insurance) by Futuro.
- Online account creation and progress tracking.