The startup has extensively worked with many governments, regulators, financial inclusion stakeholders, and DFIs like World Bank, UNCDF, and UKAID across Asia and Africa on expanding digital micro-pension and social protection coverage to self-employed women and informal sector workers including gig-workers. In 2020, pinBox partnered with WhatsApp and integrated its platform with the app to make saving for old age as quick, easy, and simple as sending a message. We must urgently encourage and enable young, economically active citizens to start saving for a 25-year retirement. By 2050, this problem will become too large and irreversible - somewhat like climate change.
Speaking about the funding, Gautam Bhardwaj, Co-founder of pinBox, said, “Without comprehensive social protection, we are staring at an old age poverty crisis that will soon impact everyone in the world. PinBox was established in 2016 by industry veterans Parul Seth Khanna and Gautam Bhardwaj and uses technology, process innovation, and a simple, intuitive user interface to address friction and access challenges in delivering micro-pension and insurance solutions to underserved informal sector workers. Global pensiontech platform, pinBox, announced that it has raised $1 million in seed funding led by Venture Catalysts (Vcats), along with participation from Vcats’ accelerator fund 9unicorns. J/ Taniya Saini / Funding, investment, News, Startup, StartupLanes
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