401GO, a leading FinTech company in retirement planning, has secured a significant $12 million Series A funding round .
Led by Next Frontier Capital, with participation from Rally Ventures, Impression Ventures, and Stout Street Capital. This investment underlines investor confidence in 401GO’s innovative approach to modernizing retirement planning for today’s workforce.
The infusion of capital will fuel the expansion of 401GO’s product offerings, including 401(k) and IRA platforms, and the upcoming introduction of Health Savings Accounts (HSAs) and Emergency Savings Accounts (ESAs). Additionally, the funding will support scaling operations, with plans to double the company’s workforce to over 110 employees, focusing on software development and sales roles.
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Since its inception in 2019, 401GO has demonstrated impressive growth, achieving an average revenue increase of 250% year-over-year. With over 2,500 businesses supported and more than 30,000 active users, 401GO has established itself as a trusted partner in retirement planning. Notably, the addition of the GO-IRA in November 2023 further enhanced the flexibility and portability of retirement savings for users.
Overall, the Series A funding round positions 401GO for continued growth and innovation, solidifying its position as a leader in revolutionizing retirement planning for the modern workforce.
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