Xaver launches AI platform, bags €5M Pre-Seed for life insurance.

March 25, 2024
1 min read

TLDR:

  • Xaver has unveiled a B2B AI platform for life insurance and private pensions, securing €5 million in Pre-Seed funding.
  • The platform leverages AI to increase operational and sales efficiency by up to 65%, aiming to address Europe’s pension gap.

Xaver, a French fintech company, has recently announced the launch of its B2B AI platform for life insurance and private pensions, along with securing €5 million in Pre-Seed funding. The company aims to revolutionize the industry by enabling banks, insurers, and brokers to increase operational and sales efficiency by up to 65% through the use of AI technology.

With the prevalence of Europeans lacking supplementary retirement savings and the risk of old-age poverty for millions of working Europeans, Xaver’s platform comes at a critical time to help address the pension gap in Europe. The platform offers AI-enabled financial advisory and sales technology, personalized digital funnels, and AI-driven agent interactions to streamline processes and enhance customer experience.

The company is also preparing to launch a white-labeled Pan-European Pension Product (PEPP) to broaden its partners’ product offerings, providing low-cost pension products in a customer-centric approach. Xaver’s leadership team, with significant experience in financial services, entrepreneurship, and AI, is well-equipped to lead the company in its mission to provide accessible, transparent, and cost-efficient pension savings for everyone.

The oversubscribed financing round, led by Motive Ventures and Cavalry Ventures, reflects the industry’s recognition of Xaver’s potential to revolutionize the life insurance and pension sector and improve sales efficiency and financial product innovation.

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