PensionPlus
Latest round
- Seed
Last raised
- May 2023
Total raised
- Undisclosed
Investors
- 1
About PensionPlus
PensionPlus, founded in 2021, focuses on providing innovative retirement income solutions. The company is based in Santa Monica, US, and has completed a total of 1 deal as of May 2023.PensionPlus specializes in providing retirement income solutions, primarily through its flagship product that transforms retirement savings into a guaranteed lifelong monthly paycheck. Clients utilize the platform by entering details about their retirement savings, such as 401(k) and IRA balances, alongside answering a series of straightforward questions regarding their retirement goals and lifestyle preferences. The technology leverages the latest financial science to generate personalized monthly payment plans while allowing clients to retain control of their savings, which continue to grow in their original accounts. PensionPlus’s offerings cater to a diverse clientele, including individual retirees and financial professionals seeking to enhance their client services.PensionPlus generates revenue through its subscription-based model, where users pay to access its retirement planning services. Clients engage with the platform by providing their financial information and receiving tailored retirement paycheck solutions, with a particular emphasis on facilitating easier access to Social Security benefits and optimizing retirement savings. The transactions primarily occur directly between PensionPlus and individual consumers, allowing for immediate engagement and personalized financial planning assistance. The pricing structure for these services encompasses various tiers based on the complexity of the retirement plans developed for the client, though specific costs are not disclosed. The company is planning to launch new products that will further enhance its retirement income offerings, targeting a release by the end of 2023. Additionally, PensionPlus is aiming to expand its market presence into key urban centers across the US, specifically targeting New York and Chicago by mid-2024.
Who invested in PensionPlus
1 investor across 1 round
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Funding rounds
Seed
May 1, 2023
Amount
Undisclosed
Investors
Questions about PensionPlus
Who invested in PensionPlus?
PensionPlus has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has PensionPlus raised?
PensionPlus has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did PensionPlus last raise money?
PensionPlus's most recent round on record is a Seed, in May 2023.
What does PensionPlus do?
PensionPlus, founded in 2021, focuses on providing innovative retirement income solutions.
Where is PensionPlus headquartered?
PensionPlus is headquartered in Santa Monica, US.
Which VCs invest in companies like PensionPlus?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at PensionPlus's stage. Their profiles are linked below.
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