Major ForUsAll Milestones – $500m in Assets and $21m in Venture Funding
Last January we were pleased to announce that we grew our assets to $100 million. This year we are excited to let the world know that we are now managing $500 million in retirement plans for small and mid-sized businesses.
As our CEO and Co-founder, Shin Inoue says, “Our 1st $100 million took 18 months to accumulate, and our most recent $100 million was added in two months. We expect companies to continue to switch to us as their advisors as we build more and more momentum.”
ForUsAll has also raised a new round of venture investment from a well-known financial technology investor, Ribbit Capital. Ribbit has invested in a number of well known fintech companies, including Robinhood, Coinbase, Avant, and Credit Karma, and we are pleased to join their network of rapidly growing financial technology companies. The round totaled $21 million; our existing investors, including Foundation Capital, also participated.
Our mission remains the same: to fix retirement in America, so that everyone has a fair shot at a brighter financial future. While the $6 trillion retirement gap in the US continues to exist, we believe that we are on our way to making a dent. We’ve reimagined the 401(k) from the ground up, driving employee savings while reducing the liabilities and work associated with offering a 401(k) plan.
If you’re interested in the intersection of finance and technology, and want to help Americans save for their future, visit our recruiting page!