Most Belgians retire with less than €10,000 saved. Warren just raised €10M from Motive Ventures to change that — TFN

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The average Belgian spends about 40 years working and retires with a supplementary pension worth less than a second-hand car. For workers aged 56 to 65 in Belgium, the median supplementary pension reserve is under €10,000. Warren, a pension fintech from Ghent, has identified the cause and raised €10 million in seed funding to address it.

The round was led by Motive Ventures, the early-stage arm of transatlantic fintech investor Motive Partners, which has backed companies including FNZ, Forge Global, and Bezahl.de.

F Capital also participated, alongside continued backing from Entourage, Syndicate One, and 100IN. The capital will fund Warren’s Belgian growth and prepare for expansion into one or two larger European markets.

“The vast majority of Belgians save for their retirement in financial products that erode their purchasing power year after year, even though retirement is by definition a long-term horizon. This is an enormous social problem whose severity remains chronically underestimated,” says Cedric De Vleeschauwer, co-founder and CEO of Warren.