Micruity
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | <1m | 1.1m | 2.5m |
% growth | - | 180 % | 123 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | - | ||
N/A | Seed | ||
N/A | N/A | Seed | |
* | CAD6.5m | Seed | |
* | CAD6.8m | Early VC | |
Total Funding | €8.9m |
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EditMicruity operates in the financial technology sector, providing infrastructure that powers institutional lifetime income products. The company serves stakeholders in the retirement planning ecosystem, including recordkeepers, life insurers, and plan participants. Micruity's platform acts as a central clearing house for communicating, verifying, and aggregating annuity-related data securely and efficiently. By enabling seamless data sharing through a single secure connection, Micruity simplifies the process of offering lifetime income solutions, making retirement planning less risky and more accessible. The business model revolves around providing a robust API suite that supports developers in building web applications that utilize data from recordkeepers and life insurers to enhance participant outcomes. Micruity generates revenue by offering its data infrastructure services to institutional clients, ensuring all stakeholders can interface effectively for better retirement solutions.
Keywords: financial technology, retirement planning, lifetime income, annuity data, secure connectivity, institutional clients, API suite, data infrastructure, seamless integration, retirement solutions.