Barcelona-based Kalma raises €1 million in funding. The startup intends to use the funds that it raised to grow and streamline its business plan. By making it easier to turn home equity into post-retirement liquidity, Kalma enables homeowners to have happy lives without needing to give up their house and way of life.
During this funding round, Kalma received backing from prosperous Spanish businesspeople, one of which being Marc Antoni Maciá, who also serves as the board president.
Carlos Hernández, CEO of Kalma, said: “Kalma was born from a need and a desire to focus on a group historically neglected by the private sector and whose needs require innovative solutions. Thanks to the support of our investors and the dedication of our team, we are in a unique position to offer impactful solutions in the lives of our seniors.”
With a significant investment of over 20 million euros expected until 2025, Kalma has the potential to lead Spain in cutting-edge senior group solutions.
In Spain, about 20% of the population is over 65, and by 2040, almost one-third of the population is predicted to be elder than that. The demographic pyramid has been turned upside down, meaning that life expectancy is rising and the birth rate is at an all-time low. This puts the already insufficient pension system and, consequently, the welfare of pensioners at jeopardy.
Kalma Established in 2023 by Carlos Hernández, an accredited entrepreneur with over ten years of experience in fostering the development of Fintech startups, this funding round indicates the accomplishments of Kalma during its initial half-year of operation: creating its organisational framework, both financially and operationally, and executing its initial transactions in Barcelona and Madrid with success.