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We are thrilled to announce that portfolio company Vestwell has completed its $8m Series A financing from its existing investors, which include FinTech Collective, F-Prime, Primary Venture Partners, and Commerce Ventures. Vestwell's cutting-edge platform serves to streamline the 401(k) onboarding and admin process for advisors, which arms them to pursue retirement as a growth vertical.
"We're excited to increase our reach in the financial advice industry and continue to develop better technology for our clients," said Aaron Schumm, Founder and CEO of Vestwell. "Vestwell was founded to provide advisors and plan sponsors with an affordable, compliant, and easy-to-use retirement planning solution to help close the retirement savings gap in America, and F-Prime has supported that mission since our inception. This announcement, combined with the outstanding leadership that Ben brings to the Board of Directors, is instrumental to Vestwell's success."
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