ForUsAll, a San Francisco, and NYC-based technology-driven 401(k) advisor to small and mid-sized businesses, secured $21m in second round financing.
The round was led by Ribbit Capital, with participation from existing investor Foundation Capital, bringing the company’s total funding to $34 million.
The company will use the funds to grow its customer base, accelerate technology development and hire additional staff.
Led bty Shin Inoue, Co-founder and CEO, ForUsAll is a next-generation small- and mid-sized business 401(k) advisor, supporting hundreds of companies with 50-2,000 employees in managing over half a billion dollars of retirement assets through a combination of investment expertise and HR technology.
The company has just reached $500m in retirement assets under management.