Micruity Raises $5M in Funding for Platform Expansion

Micruity raises $5M in Strategic Funding

Micruity (Linkedin), a financial technology infrastructure company, recently secured $5M in strategic funding from industry giants like Prudential and State Street Global Advisors. With a focus on streamlining administrative processes in the pension plan industry, Micruity is poised to revolutionize data sharing and support for accumulation annuities and non-guaranteed income products.

Funding Amount: $5 million

Industry: Insurance

Employee Count: 11-50

CEO: Trevor Gary (CEO Linkedin)

What Micruity needs to buy: Micruity is seeking partnerships with life insurers, asset managers, and recordkeepers in the pension industry. Companies specializing in technology development, data sharing solutions, and marketing and sales support can collaborate with Micruity to expand their platform's reach and functionality, targeting plan sponsors and financial institutions in the pension industry.