Top 5 Startups Helping Pensioners

Pensioners aren’t necessarily known for their use of technology, but aside from that being a possibly unfair and outdated stereotype, there are actually plenty of modern gadgets and pieces of tech that can improve pensioners’ lives.

From advanced pieces of engineering to innovative software platforms, creative entrepreneurs from around the world are coming up with new and exciting ways to make life easier for older folks.

These days, there are plenty of advantages that come with hitting 65 years old other than discounts at stores and free public transport in the UK.

Empowering Seniors

 

For some, getting older can make you feel like you’re losing control. You’re no longer up to date with all the latest trends and technology is progressing at an alarming rate.

But there’s no reason that seniors need to feel that way. These days especially, 65 years old, although that’s technically classified as a pensioner, really isn’t actually that old. And, as many say, you’re only as old as you feel.

By being proactive about keeping in touch with current trends, modern technology and what’s going on in the world, pensioners can stand themselves in good stead to thrive.

One of the best ways for seniors to do this is to make use of the services offered by companies that are specifically striving to empower pensioners.

 

Top Startups Helping Pensioners

 

From technology designed specifically to help ailing pensioners keep track of their health to software and applications that help the elderly avoid loneliness, here are the top 5 startups that are empowering pensioners.

 

 

1. Mon Ami

 

 

Founded by an all-female team in 2018, Mon Ami is the developer of an operating system that is designed for use by disability and ageing service providers.

The platform offers specialised tools for service providers that are completely HIPAA compliant, allowing clients to streamline operations efficiently and generate reports by means of a single platform.

The startup aims to build the next generation of software as a service (SaaS) that provides an easy way to deliver life-sustaining social services for pensioners.

Mon Ami provides the senior services market, and often neglected industry, with a solution to time-consuming administration and paperwork, providing a method for the digitisation and automation of the process to save time and improve efficiency.

 

2. Balanced

 

 

Balanced is a Boston-based startup that aims to combat stereotypes that link getting older with slowing down and becoming inactive.

By means of a virtual wellness community, the company provides pensioners with an easily accessible way to enjoy movement and mindfulness by means of group exercise alongside other like-minded individuals.

The platform is specifically designed to give older adults a sense of community while providing activities that improve their quality of life – all while taking into account relevant injuries, chronic conditions, pain and various levels of physical ability.

Founded in 2020, Balanced received $6.2 million in funding upon completion of its most recent funding round at the end of 2022.

 

3. The Joy Club

 

 

The Joy Club offers pensioners and retirees access to a platform that provides them with a way to make social connections and enjoy intellectual stimulation and physical activity that’s appropriate for them.

It encourages elderly people to follow a more active retirement and general lifestyle, pushing them to do things like socialising and eating out, watching a film at the cinema or go to a gym session.

The Joy Club is hoping to combat a common issue among ageing people who tend to fall into a sedentary lifestyle, especially after hitting retirement age.

Founded in 2018 in Keynsham, The Joy Club is led by founder and CEO Hannah Thompson and received $810,000 worth of investment during its most recent funding round.

 

4. Ava Accessibility

 

 

A common issue faced by pensioners as they grow older is trouble with hearing. Ava Accessibility aims to help ageing people lessen the negative impacts of this by means of advanced technology.

People without hearing (or with limited hearing) often struggle with being excluded from conversations and social situations, not intentionally but due to their inability to hear what’s going on and properly participate.

Thibault Duchemin and Skinner Cheng, Ava’s CEO and CTO respectively, both have experience with hearing loss. Duchemin grew up in a deaf family while Cheng himself has been deaf since the age of two, giving them both personal insight into the issues faced by elderly people.

Ava provides a live captioning service for television, using AI-based speech recognition technology, ensuring that those who are hard of hearing can still enjoy the same entertainment as everybody else.

The company was founded in 2014 and is headquartered in the San Francisco Bay area.

 

5. Sprinter Health

 

 

Sprinter Health, founded by Max Cohen and Cameron Behar, was launched in the United States in 2019. The team is made up by leadership with experience at some of the top corporations around the world, including Google and Facebook.

This startup provides mobile healthcare services specifically catering to older people who benefit from house calls over having to travel to hospitals or doctors’ offices. Sprinter Health offers a cost-effective option for hybrid healthcare that prioritises the patient experience and access by means of scalable technology.

The startup aims to bring routine health check-ups directly to the patients, including things like blood draws, labs and vital checks, making life easier for pensioners and increasing the number of people who do the necessary procedures.

The idea was to create a reliable, top-quality healthcare service that is like the UberEats of medicine, powered by not only modern technology but fully licensed clinicians, advanced telediagnostic devices and practical processes.

Sprinter Health has achieved great success since its launch, having brought in $35.1 million in its most recent funding round.