Pensify provides a core benefits platform that simplifies setting up and managing third-pillar pension and insurance plans for SMEs and entrepreneurs. The platform integrates seamlessly with existing payroll systems, offering employees flexibility and control over their individual retirement savings. This solution helps employers easily provide attractive secondary employment conditions to attract and retain talent.
Funding
$909.1K 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
Traditional pension schemes often lack flexibility, requiring mandatory participation and offering limited customization for both employers and employees. This inflexibility can be a disadvantage in the modern labor market, where personalized benefits are increasingly valued. SMEs often face challenges in setting up and managing these inflexible pension plans, especially without incurring high advisory costs.
Solution
Pensify is a core benefits platform that enables SMEs to quickly establish flexible pension plans for their employees, integrating with existing payroll systems. It offers individual pension accounts, also known as 'Lijfrenterekening', allowing employees to customize their contributions and investment options. The platform automates pension and insurance management, providing a user-friendly experience for both employers and employees. Pensify simplifies complex pension matters, offering transparent insights into pension performance and costs, and supports employers in attracting and retaining talent by offering attractive, customizable benefits.
Target Audience
Pensify primarily targets SMEs, business owners, and soon freelancers, who are looking to provide flexible and attractive core benefits, specifically pension plans, to their employees without high advisory costs.
Features
- Integration with existing payroll systems (Loket, Salar, Employes and Nmbrs) for automated administration.
- Employee self-service portal with access to advisors, webinars, and videos about their pension.
- Customizable contribution options, including fixed amounts, salary percentages, and matching contributions.
- Access to a personal 'Lijfrenterekening' (annuity account) with NNEK Vermogensbeheer.
- Transparent fee structure with employer fees at €8 per active user per month, employee management fees at 0.60%, and fund fees capped at 0.35%.
- Support for both pension and insurance (Overlijdens-risicoverzekering (ORV) or Arbeidsongeschiktheidsverzekering (AOV)) products.