Cavalry x Xaver
Closing the pension gap through cutting-edge tech!
An excellent founding team with founder/market fit, a great vision to build a significant business in a significant market and the ability to develop a fantastic product — these are our criteria for an investment. Xaver ticks all of these boxes and we are beyond thrilled to introduce them as our latest investment.
Xaver addresses a critical issue in today’s reality — the insufficiency of statutory pensions and the alarming fact that 39% of Europeans lack supplementary retirement savings. With over 50 million Europeans at risk of old-age poverty, demographic ageing further exacerbates the situation. Xaver’s mission is clear: to provide everyone with a financially prosperous future by making pension savings accessible, transparent, and cost-efficient for all.
Xaver unleashes the ‘Saver Revolution’
The current landscape is marred by inefficient and time-consuming consultation and sales processes, coupled with complex and costly pension products. These challenges not only hinder customers but also pose significant problems for distributors. Xaver, aptly named to reflect the modern saver, aims to overhaul these inefficiencies and inconveniences, ushering in a new era of innovation and customer-centric solutions in pension savings.
Transforming pension product sales process through AI
Xaver offers a unified platform that combines AI-enabled financial consultations and sales technology. The platform integrates highly personalised digital funnels with AI-enhanced agent-led offline sales, creating an interconnected omnichannel experience. Xaver.nova, the platform’s proprietary and pre-trained AI, streamlines processes, handles administrative tasks, and ensures full compliance, allowing agents to focus on efficient customer interaction. This is how Xaver increases operational and sales efficiency for financial institutions by up to 65%.
In addition to this, Xaver is gearing up to launch a white-labelled Pan-European Pension Product (PEPP). This innovative offering will provide Xaver’s clients with low-cost pension products, positioning them to pioneer a novel and customer-centric solution in a competitive market.
Industry veterans at the helm
Xaver’s commitment to reshaping the landscape of life insurance and pension savings is underpinned by a leadership team that brings together a powerhouse of financial services, entrepreneurial, and AI expertise.
- Max Bachem, the former CEO of digital insurers Luko Insurance and Coya, serves as Xaver’s Founder and CEO. Max also brings his experience as the former Head of Group Corporate Development, Investments, and Strategic Partnerships at AXA Germany.
- Ole Breulmann, Xaver’s Co-founder, is a serial tech entrepreneur with over ten years of AI/ML experience. Prior to Xaver, Ole worked as the Chief Product Officer (CPO) at Hypoport, contributing his valuable insights into product development and technological innovation.
- Dr. Björn Holste, another integral member of the leadership team, has a wealth of experience, having served as a Managing Director at Deutsche Bank and Prime Capital, Executive Director at UBS, and a previous fintech founder in the field of AI-based portfolio optimisation and quantitative risk evaluation.
Together, Max, Ole, and Björn form a leadership team that possesses extensive financial services and entrepreneurial experience and has also successfully built and managed regulated companies. Their passion for seizing opportunities to innovate financial services through technology and AI is a driving force behind Xaver’s mission.
A pre-seed investment fuelling the evolution of financial empowerment
We firmly believe in the transformative power of technology to address societal challenges, and Xaver exemplifies this conviction. Through their innovative B2B AI platform, Xaver leverages advanced technology to transform life insurance and pension savings, offering a solution to the pressing issue of inadequate pensions and contributing to a prosperous future for all.
Congrats on this pre-seed round, Team Xaver! Let’s propel this momentum forward and, together, spark a financial revolution!
Max Bachem, Xaver’s CEO and Co-founder, swung by our office, where Martin Janicki asked him why getting pension insurance is such a headache and how Xaver plans to rescue 50 million Europeans from the clutches of old-age poverty.
