Lightning Pitch: fairr.de – Private pension products

COMPANY: fairr.de

ELEVATOR PITCH

Private pension products. Smart. Transparent. Online.

PRODUCT/SERVICE DESCRIPTION

We will become the leading online provider of retirement savings solutions by helping our customers achieve their retirement goals with low-cost and transparent retirement products for the modern customer.

We rebuilt the whole value chain around our product: the fairriester.

Fees: Low, transparent fees, and saves the customer thousands of Euros in fees.

Asset management: Fully transparent portfolio of ETFs and dimensional funds.

Easy to purchase: Online and through independent financial advisors.

Trust: Certified according to the trusted Riester legislation.

Tax Benefits: All available tax advantages.

Fairr.de offers private pension products for the smart savers of today who want to save for tomorrow. The founders decided to create their own pension solution out of personal frustration over the pension products, in which they were invested.

Together with a Hamburg-based partner bank, Sutor Bank, fairr.de offers the only pension product with ETFs and dimensional funds—the ‘fairriester.’ Customers benefit through the long-term focus and low cost structure of the investment solution. In addition, as a certified ‘Riester’ product, the fairriester is eligible for all tax benefits of Riester products.

Fairr.de sets an end to poorly-performing financial products and expensive sales commissions.

FOUNDERS

Jens Jennissen (CEO) – Training: Rotterdam School of Management, Bucerius Law School, London Business School. Work Experience: Dresdner Kleinwort, E.ON Energy Trading. Wrote his master’s thesis at Nutmeg, which recently raised $32 million. Traded one of the largest natural gas portfolios in Europe.

Dr. Alexander Kihm (CTO) – Training: Karlsruhe Institute of Technology, Jacobs University Bremen. Work Experience: Daimler Chrysler, German Aerospace Center.

Bootstrapped AdvoAssist into the leading online platform for legal services in Germany while writing his Ph.D. on e-mobility.

Ambros Gleißner (CMO), Training: Fern Uni Hagen. Work Experience: A&O Hostels, Gearparts24, Forum Family Office Munich.

Brokered more than 1,000 financial contracts online and bootstrapped fahrschule-123.de into the leading online platform for driving schools and students in Germany.