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Capitalize Launches to Help 30M Americans Consolidate their 401ks, Announces Seed Round

Sep 29, 2020•almost 5 years ago

Round Type

seed

New York

Description

Capitalize, the first independent platform to transfer retirement assets, today announced that it has closed a $2M Seed round led by Bling Capital, an early-stage venture fund based in San Francisco. Additional investors include Greycroft, RRE Ventures and Walkabout Ventures. Capitalize is solving one of the biggest problems in the $20 trillion retirement savings market by helping Americans easily locate and roll over their legacy 401k accounts.

Company Information

Company

Capitalize

Location

New York, New York, United States

About

Capitalize is a New York-based fintech company that helps people quickly consolidate or “roll over” their old 401k accounts into a new or existing IRA - for free. Capitalize manages the entire 401k rollover process for users through an online alternative to the manual, paper-based process of transferring retirement accounts. Over time, Capitalize intends to help users manage all of their employer-sponsored and individual retirement accounts as they move throughout their career. www.hicapitalize.com