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Pension Fintech Company Xaver Obtains a Cash Injection of 5 Million

Xaver secures €5 million in pre-seed funding from investors including Motive Ventures, Cavalry Ventures, and celebrity backer Mario Götze. Xaver aims to address the pension crisis with an AI-powered platform, simplifying pension planning and offering personalized product suggestions. The startup plans to offer a Pan-European Personal Pension Product (PEPP.




The Cologne-based fintech company Xaver has raised five million euros in a pre-seed financing round. In addition to Motive Ventures and Cavalry Ventures, the backers also include a number of well-known business angels, probably the best known: Bundesliga soccer player Mario Götze.

Xaver wants to use the financial injection to build an AI-supported sales and product platform to address the pension crisis. Although it is clear that the statutory pension alone is not enough, 39 percent of Europeans have no other form of retirement provision. When they retire, they are at risk of poverty in old age.

However, Xaver suspects that many customers are deterred from dealing with the impending pension gap by the time-consuming advice and sales processes and the high complexity of pension products.

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Closing the pension gap with AI

The idea: Xaver wants to streamline insurance and investment advice on both sides. Customers can upload their current data and pension contracts to Xaver and then receive a projection of their own pension situation – and whether there will be a pension gap for them. Using artificial intelligence (AI), users then receive a suggestion for a suitable pension product. This gives insurers and brokers another opportunity to sell their offers.

In the long term, Xaver also plans to sell its own fund product in the form of a so-called Pan-European Personal Pension Product (PEPP). The startup acts as a white label provider, which means that companies can create their own PEPP with Xaver using a kind of software kit. The fintech has applied for a corresponding license as a portfolio manager from Bafin.

Xaver’s team includes Max Bachem, Ole Breulmann and Björn Holste. Bachem comes from the insurance industry and was, among other things, CEO at the digital insurer Luko Insurance and head of group development at Axa Germany. Breulmann is the AI ​​expert in the team and was most recently CPO at Hypoport. Björn Holste comes from the banking industry and was previously, among other things, Managing Director at Deutsche Bank and Executive Director at UBS.

Celebrity support for Xaver

This is far from the first startup investment for soccer star Götze. The soccer star is already involved in over 50 startups, usually with a five-figure or low six-figure sum, as he told the Frankfurter Allgemeine Sonntagszeitung. Accordingly, there should be even more, “eventually 80 companies,” says Götze, who wants to focus even more intensively on financing startups after his active football career ends.

In addition to Götze, other well-known business angels have also invested in Xaver, including industry experts such as ex-Commerzbank boss Martin Blessing and ex-Allianz manager Thomas Münkel as well as successful founders such as Julian Teicke (Wefox), Raffaele Terrone (Scalapay) and Jessica Holzbach (Penta and Pile). There are also scouting tickets from Sequoia, A16Z, Lakestar Scout Fund and EQT Ventures as well as the support of other funds such as Robin Capital, The Delta and Notion Capital.

So far, the topic of pensions has proven to be difficult territory for startups. For example, the retirement planning fintech Vantik had to discontinue its services again in 2022.


(Featured image by OleksandrPidvalnyi via Pixabay)

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Valerie Harrison is a mom of two who likes reporting about the world of finance. She learned about the value of investing at a young age upon taking over her family's textile business when she was just a teenager. Valerie's passion for writing can be traced back to working with an editorial team at her corporate job, where she spent significant time working on market analysis and stock market predictions. Her portfolio includes real estate funds, government bonds, and equities in emerging markets such as cannabis, artificial intelligence, and cryptocurrencies.

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