Micruity, on a mission to pensionize retirement savings planning, because everyone deserves access to a secure retirement has secured $5M in Strategic Funding. The round includes new funding from strategic investors Prudential, State Street Global Advisors, and TIAA Ventures as well as additional investments from current partners Pacific Life and Western & Southern Financial Group.
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The new funding enables Micruity to rapidly build out infrastructure not just for retirees in the drawdown phase of their retirement journey but also provides critical support for younger Americans still saving for retirement.
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“The new funding enables Micruity to rapidly build out infrastructure not just for retirees in the drawdown phase of their retirement journey but also provide critical support for younger Americans still saving for retirement,” “Successive financial crises have eroded the retirement savings of many Americans who now face the prospect of outliving their savings. By building the infrastructure necessary to enhance the user experience of both guaranteed and non-guaranteed income products, Micruity, along with our partners, can help close this gap and deliver a safe and secure retirement,” said Trevor Gary, Founder and CEO of Micruity.
About Micruity
Founded in 2017, The Micruity Advanced Routing System (MARS™) facilitates data collection and transfer between insurers, record keepers, asset managers, and plan sponsors on a simple and secure platform. With a single integration, Micruity connects plan members with annuity buying decisions, supports and simplifies plan administration, and scales guaranteed income products to transform retirement savings plans into retirement income.
