Micruity announced that it closed $5 million in funding to expand support for accumulation annuities and non-guaranteed income products on the Micruity platform.
The round includes new funding from strategic investors Prudential, State Street Global Advisors, and TIAA Ventures, and additional investments from current partners Pacific Life and Western & Southern Financial Group. In total Micruity has raised over $11M from strategic partners in the retirement industry.
A US Retirement Survey found that non-retired Americans aged 27 to 42 face an average shortfall of $403,626 in their retirement savings. And for Americans aged 43 to 58, that gap grows to $451,170.Micruity’s […]
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