DYNO

DYNO GmbH operates as a financial technology firm specializing in the digitalization of company pension plans (betriebliche Altersvorsorge - bAV) within the German market. Founded in 2021 in Offenburg, Germany, by Marc Karkossa, Luis Weber, and Peter Sutter, the company aims to address the complexities and high costs associated with traditional pension schemes. The founding was spurred by personal experiences; Karkossa comes from an insurance family and, after working for years in the sector, recognized the potential for technology to make pension products more profitable and transparent. He partnered with his school friend Luis Weber, who faced similar administrative challenges in his HR role at LIDL. Together with Peter Sutter, who brought marketing expertise from his time at sevDesk, they launched DYNO to simplify the process for both employers and employees.

The company's core offering is a cloud-based software-as-a-service (SaaS) platform that automates the management of retirement and health benefits. This digital solution significantly reduces administrative workload for HR departments by up to 91% through integrations with existing HR tools and automating communication with insurance partners. DYNO's business model is based on a monthly per-employee subscription fee paid by the client companies, which is positioned as being offset by savings in administrative costs. The platform targets companies of all sizes, from startups to large enterprises, and counts notable clients such as Europa-Park, Freeletics, and Herrenknecht.

A key differentiator for DYNO is its commission-free structure, which directly tackles the issue of high broker fees that diminish employee pension returns. By eliminating these commissions, the company states employees can receive significantly more in their final pension payout. The platform provides employees with a digital portal for real-time insight into their pension accounts, allowing them to manage their investments and documents in one place. Employees are offered the ability to invest in government-subsidized ETFs, enhancing potential returns compared to traditional insurance-based products. Since its inception, DYNO has secured multiple rounds of funding, including a pre-seed round of €1.5 million in October 2023 and an extension in July 2024, bringing the total to over €2.5 million, with investors like Haufe Group Ventures, LEA Partners, 468 Capital, and Mätch VC.

Keywords: betriebliche Altersvorsorge, bAV, company pension plan, digital pension, pension management software, FinTech, InsurTech, employee benefits platform, retirement benefits, commission-free pension, ETF pension, corporate benefits, HR technology, retirement planning, pension automation, German market, corporate pension, employee financial wellness, SaaS, digital insurance