Dyno
“Can a commission-free, API-first pension operating system finally penetrate Germany's underserved 3.3M SMB bAV market?”
Founded2022
HQOffenburg, Baden-Württemberg, Germany
FoundersLuis Weber, Marc R. Karkossa
Total raised$2.7M
IndustryVertical SaaS / HR & Pensions (bAV)
The story
DYNO is a German digital occupational pension (betriebliche Altersvorsorge / bAV) platform for SMBs. It operates as a commission-free insurance broker layered on top of regulated German life insurers, offering ETF-based pension contracts through an employer/employee software portal. In 2026, DYNO extended its go-to-market with a white-label 'Pension OS' API play targeting payroll providers, tax advisors, and brokers as distribution partners.
Product timeline
2022
DYNO GmbH founded in Offenburg (formerly bAV Solutions GmbH) to digitize German occupational pension schemes (bAV)· pivot
2026
Launched 'Pension Operating System' — API-first, white-label bAV infrastructure for partners· banking
Regulated entities
1
regulatory licence held by Dyno
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Dyno’s embedded-finance stack
Investing
DYNO (in-house)
Accounting gap: none