# PensionPlus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pensionplus

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.pensionplus.com
- Latest round: Seed (May 1, 2023)
- Investors on record: 1

## About

PensionPlus is a financial technology company specializing in retirement income solutions that convert retirement savings into guaranteed monthly paychecks, helping retirees manage their financial future effectively.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. The founder’s background includes significant experience in financial technology, although specific prior ventures are not detailed.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. The company operates in various markets across the United States, focusing on urban and suburban areas where retirement planning is a pressing concern.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. With an innovative approach to retirement income, PensionPlus seeks to establish long-term relationships with clients, enhancing their financial confidence and security as they navigate their retirement years.In May 2023, PensionPlus raised an undisclosed amount of Seed funding from new investor The Garage. 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. The recent funding will be utilized to support product development and market expansion strategies.

## Funding rounds

- Seed, May 1, 2023 — The Garage

## Investors

- The Garage (https://capitalatlas.ai/funds/the-garage) — Seed