WisdomCircle, an agetech platform connecting retired professionals with work opportunities, announced on Wednesday its expansion into the UK and European markets.
This expansion will help the company meet the rising demand for skilled and experienced workers across these regions.
Since its founding in 2022, WisdomCircle has partnered with over 800 organizations and onboarded over 70,000 verified retired professionals. The platform believes retirement should continue to offer meaningful engagement. It allows experienced individuals to keep contributing to society and combat cognitive decline, which often comes with retirement. Using an AI-powered matching algorithm, WisdomCircle ensures organizations quickly find the right talent for full-time roles, consultancy, or project-based work.
Europe faces unique challenges as its population over 65 is set to outnumber the youth in the coming years. This demographic shift and a growing labor shortage in skilled professions highlight the urgent need to integrate older adults into the workforce. The agetech market is expected to reach $2.7 trillion by 2025.
WisdomCircle has appointed a leadership team for the UK and Europe to lead this expansion. Basav Ray Chaudhuri, the new CEO for these markets, brings over 35 years of international experience in general management, finance, and strategy. Shilpi Bordoloi joins as an advisor with more than 25 years of leadership recruitment experience across the UK, Europe, and Asia.
“This expansion is more than just geography; it’s about building a worldwide network of experienced talent that can contribute meaningfully to businesses and society. With the longevity economy only growing, it allows us to leverage agetech to create inclusive workplaces and help older adults reinvent retirement,” said Neeraj Sagar, founder, and CEO of WisdomCircle.
“As populations age and the traditional workforce shrinks, the demand to harness the experience of older workers is growing. Research consistently points to a rising trend in this demographic’s workforce participation. The International Labour Organisation forecasts that by 2030, older workers will increase to 55% of the labour force in most EU countries,” said Basav Ray Chaudhuri, CEO of WisdomCircle – UK and Europe.
This move underscores the need to integrate older adults into the workforce and the economic benefits of doing so.
By August 2024, the company has 70,000+ verified retired professionals on its platform and aims to reach 100,000 professionals by the end of 2024.
