‘Social’ fintech startup Kandoor grew in the innovation garden of APG, the largest pension provider in the Netherlands. Focusing on the scenario that more and more people want and have to make difficult to make financial choices completely on their own, APG wanted to provide accessible guidance. Kandoor now blossoms as the first platform for free financial information, by connecting financial professionals (volunteers) with consumers and using a chatbot that utilizes machine learning. Time for a chat with Tom Romanowski, founder of Kandoor.
Why did you found Kandoor?
“Some people have trouble managing their finances and experience stress as a result of this, while they can be helped with these financial challenges. APG noticed that the consumer had three ways of finding financial information: searching online, asking friends or paying for information. The pension provider wanted to play a role in society by helping overcome this issue. And they wanted to discover how they could reach the consumer. Therefore, Kandoor was founded. By exploring what questions are relevant, APG can offer relevant knowledge to their customers and partners, like the SVB (the social insurance bank, the government institution that handles AOW). The promise of Kandoor is a financial feature with fewer worries, by making knowledge accessible in a personal, simple and reliable way.”