Kaspar& Launches 3a Solution for Retirement Savings

One year after its launch, the fintech company WealthTech Kaspar& is integrating a pillar 3a solution into its app – with the option to start small and save on the side.

The number of Pillar 3a solutions continues to grow. No wonder, the market is huge – still dominated by banks and insurers – and the willingness to save for retirement is unbroken. That’s why there’s room for fintech companies with digital solutions, interesting offerings, and fair fees.

Read more about the 3a solution launched by Kaspar& and find other important business news with our companion app Born2Invest.

Kaspar& has been cultivating rounding-up savings since its launch

Various savings plans can be invested in through everyday use of the card. In the process, each card payment is rounded up to the next franc, and the change is automatically invested and invested in professional savings and investment plans.

With these micro-investments, Kaspar& wants to introduce broad target groups to investing and show how easy investing can be.

The fintech company has now added this change investment to its newly launched Pillar 3a solution. Saving for retirement also works with rounding-up savings via card payments.

It’s also possible to make big deposits

Direct payments in any amount are of course also possible. These can be initiated as single payments or as recurring deposits from the account within the app.

Customers have the option of opening up to five different 3a pots. They can switch between the different investment strategies and the account solution (cash) at any time. Multiple accounts allow for a staggered payout of the saved amounts later on, which can have a positive effect on the tax bill.

The fintech company details the variable fees for retirement savings on its website but promises that the all-in annual fee can never exceed a maximum of 0.85 percent. For higher investment and savings amounts, the fees are significantly below this maximum value.

In order to reach broad customer groups and also investors who have so far been abstinent from investing, Kaspar& consistently relies on clear language, simple handling, and very low entry barriers when investing – the minimum deposit is one franc. Co-founder Jan-Philip Schade explains that the development goal for the 3a solution was also primarily the simplicity of use: “By consistently focusing on seamlessly merging the 3a solution into our overall app, personal retirement planning has never been easier.”

With the current expansion, Kaspar& is expanding its existing offering, which now consists of an account, card, micro-investments, professional asset management, and, as a new addition, the 3a solution.

Balance after one year: over 3,000 customers

Kaspar& entered the market in March 2022 and was able to convince 3,000 customers within the first startup year. The fintech company was founded by Jan-Philip Schade, Lukas Plachel, Lauro Böni, and Sebastian Büchler and has secured brain and advice from Thierry Kneissler (ex-CEO of Twint) as a board member and Andy Waar (co-founder and ex-CMO of Yapeal) as an advisor, among others.

The fintech company cooperates with Hypothekarbank Lenzburg as a banking partner as well as with Liberty 3a-Vorsorgestiftung in the area of the 3a solution.

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