NYC-based Capitalize is thrilled to announce $19 million Series B funding led by RRE Ventures with participation from existing and new investors, including Canapi Ventures, Bling Capital, and Industry Ventures.
Read also – [Funding News] CA-based Sahara AI Raises $43 Million Funding
Capitalize launched Capitalize in 2020 with the clear mission to help Americans better save for retirement. As helpful as 401(k) accounts have been, it is believed that the friction in having retirement accounts tied to jobs was leading people to do the wrong thing with their assets at the point of job change, like cashing out their assets or unknowingly leaving them behind.
Read also – [Funding News] definity Secures $4.5 Million in Seed Funding
Four years in, Capitalize is proud of the progress we’ve made. Since launching, our platform has scaled rapidly and is now processing several billion dollars in rollovers each year, having grown 6x in the last 18 months alone. We’ve helped well over a million users with some aspect of their retirement savings, from finding old accounts to comparing new ones and consolidating so they can better keep track of their assets.
Capitalize developed modern APIs that now embed technology directly into the applications of partners through enterprise business. It is now helping some of the best financial institutions in the world. Capitalize is honoured to support them as they better serve their users and grow their businessestotogether helping many more Americans get their retirement savings on track.
About Capitalize
Capitalize is the no-stress, no-hassle way to find, combine, and track your old 401(k)s. Its streamlined process lets you trade in annoying paperwork and headaches for a simple online experience. Capitalize raised $15 million in venture capital from leading investors across the country who share our vision of making it simpler to save for retirement.
