Warren Belgium Pension Fintech Raises €10M Seed Round
Quick Reads
- Ghent-based fintech Warren has raised €10 million in a seed round led by Motive Ventures, the venture arm of transatlantic investor Motive Partners.
- The company runs its own regulated pension fund and charges employers a flat subscription fee with zero percentage taken from employee returns.
- Warren’s AI-powered financial coaching app pulls data from payslips, national pension records, and bank accounts via open banking.
- About 100 Belgian companies, including Lighthouse, Yuki, and Poppy Mobility, have already signed on within a year of launch.
- Warren targets 100,000 employees by 2028 and plans to expand into one or two additional European markets after Belgium.
Warren Belgium pension startup has closed a €10 million seed round, targeting a retirement system that leaves most Belgian workers far short of a dignified old age. Motive Ventures led the round. Additionally, F Capital joined, alongside returning backers Entourage, Syndicate One, and 100IN. The round follows a €3 million pre-seed raised in early 2025.
The problem Warren is solving is structural. Belgium’s state pension stopped being sufficient years ago. Furthermore, the supplementary workplace pension, the so-called second pillar designed to bridge that gap, is largely failing. The median pension reserve for employees aged 56 to 65 sits below €10,000. Meanwhile, much of the money sits in old group-insurance schemes that lose much of their value to fees and inflation.
Warren’s answer is radical simplicity. The company runs its own pension fund, the Warren Pension Fund OFP, which holds an IBP licence granted in June 2025 and operates under supervision of Belgium’s FSMA regulator. Moreover, the fund invests through a mix of equity and bond ETFs.
The fee model is the real disruption. There are no entry fees, no exit fees, and no percentage charge on assets. Instead, employers pay a flat subscription. Every cent of investment return goes directly to the employee. In addition, Warren has already signed around 100 Belgian companies in its first year of operation.
On top of the fund, Warren offers a financial coaching app. The app combines AI-driven advice with access to human specialists. Furthermore, it connects to a worker’s payslip data, their national Mypension.be records, and their bank transactions through open banking. Users can model retirement scenarios, long-term illness coverage, and mortgage decisions. Finally, for complex situations, they can book a video call with one of Warren’s nine in-house experts.
As The Next Web reports, Warren is deliberately moving before any Belgian law forces employers to act, a bet that mirrors what drove pension fintech growth in the UK and Australia. In Australia, employer pension contributions worth at least 11% of salary have built a fund worth roughly twice the country’s GDP. Belgium’s second-pillar reserves are less than a fifth of that.
Warren now employs 25 people and plans to grow to around 55. The company targets 100,000 enrolled employees by 2028, then one or two larger European markets.
