DES MOINES, LOWA (April 27, 2022) — As the Credit Union Service Organization driving financial technology innovation for credit unions, Curql Collective has just announced it has made a sizeable investment in the retirement planning startup Silvur. The Curql Fund played a major role in Silvur’s fundraising, contributing an investment of $3 million of the total $5 million in funds raised along with Idaho Central Credit Union and Michigan State University Federal Credit Union’s wholly owned CUSO, Reseda Group.
Silvur is designed especially to help those nearing or already in retirement navigate the tricky nuances of retirement budgeting, including Social Security, Medicare and early retirement healthcare, taxes and more. By breaking down choices in easy-to-understand steps and terminology, Silvur demystifies the process of preparing for and thriving in retirement. To date, Silvur, which aims to marry modern technology with modern retirement, is being used by more than 120,000 Americans nearing retirement age.
“Retirement is something many Americans look forward to, but the complexities of managing finances in those years can dampen anyone’s excitement,” said Nick Evens, President and CEO of Curql Collective. “With Silvur, the decisions we face in retirement are brought down to size and communicated in ways that make sense to the average person. Plus, the fact that it’s all brought together– that simply hasn’t been done before. It’s an innovative solution, and we know that credit unions will love sharing this technology with their members. We’re excited to be a part of it.”
“We’re thrilled to partner with Curql and its credit union members in this major step forward to modernize retirement,” says Silvur Founder and CEO, Rhian Horgan. “Silvur is a first-of-its-kind, turnkey solution that helps credit union members select the financial (and health) products and services to secure their retirement by providing localized retirement education, premium financial tools, and personalized calls to action. Silvur educates credit union members as they embark on retirement, and helps credit unions grow their share of the member’s retirement wallet.”
About Curql Collective
Curql Collective is a collaborative approach that brings venture capital, credit unions, and fintech together. Launched in 2020 Curql is steered by a collective of forward-thinking credit unions, including former founders, operators, and leaders in the fintech and VC spaces. The group’s flagship, Curql Fund I, invests in the visions of entrepreneurs who thoughtfully and purposefully develop financial services technology that revolutionizes and innovates how people engage with their money. For more information, visit https://www.curql.com/.
Silvur is an award-winning retirement platform designed to support Americans age 50+ navigating modern retirement. Our #1 goal is to help Americans retire confidently through the use of easy-to-understand retirement education and personalized data-driven calculators to demystify the process of preparing for retirement. Silvur’s proprietary Retirement Score predicts how long your savings will last in retirement, and our Retirement School is designed to educate you on all the topics you need to master as you embark on your retirement journey. Silvur is proud to partner with credit unions with our white labeled partnerships. Together we can help credit union members improve their financial wellness in retirement. Silvur was the winner of VentureTech 2021 and runner up in the 2021 NACUSO Best Ideas competition. For more information, please visit www.silvur.com.
M2 The Agency