Vestwell
Founded Year
2016Stage
Series D | AliveTotal Raised
$240MValuation
$0000Last Raised
$125M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-8 points in the past 30 days
About Vestwell
Vestwell operates as a financial technology company focusing on savings and investment programs for both businesses and individual savers. The company offers a range of products including workplace-sponsored retirement plans, employer-sponsored student loan repayment benefits, and various savings accounts for education, emergencies, and individuals with disabilities. Vestwell's platform serves a diverse clientele, including financial advisors, employers, third-party administrators, financial institutions, payroll providers, government agencies, and individual savers. Vestwell was formerly known as Hello401. It was founded in 2016 and is based in New York, New York.
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Vestwell's Product Videos
Vestwell's Products & Differentiators
Retirement Plans
Vestwell offers small businesses an affordable, user-friendly, and full-service workplace savings platform. We regularly benchmark our fees against the industry to ensure that they’re competitive and that every employee receives strong value-for-money – a typical Vestwell plan costs less than the industry average. Vestwell’s modern, intuitive, design makes navigating our platform a breeze - from streamlined digital onboarding to managing investment strategies and more. And we integrate with today’s leading payroll providers to simplify eligibility and payroll processing. Our full-service administrative capabilities include operations, servicing, and 3(38), 3(21), and/or 3(16) compliance to better protect businesses and their investments.
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Research containing Vestwell
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Vestwell in 5 CB Insights research briefs, most recently on Sep 11, 2024.
Expert Collections containing Vestwell
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Vestwell is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,257 items
Wealth Tech
2,569 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Financial Wellness
245 items
Track startups and capture company information and workflow.
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Vestwell News
Jan 15, 2025
Vestwell's technology powers FutureStep by John Hancock Retirement, which will be available in early 2025. This offering is designed to help advisors scale their practices while providing a simple, modern interface for seamless interactions across the advisor, employer, and saver portals. "This is an exciting time for us, and we could not be more pleased to partner with Vestwell to help bring retirement planning to more employers who are helping their employees prioritize retirement," said Wayne Park, CEO, John Hancock Retirement. "As a multiplatform provider, we've added FutureStep so we can continue to expand the number of plans and participants that we serve, as a complement to our existing plan options."
Vestwell Frequently Asked Questions (FAQ)
When was Vestwell founded?
Vestwell was founded in 2016.
Where is Vestwell's headquarters?
Vestwell's headquarters is located at 360 Madison Avenue, New York.
What is Vestwell's latest funding round?
Vestwell's latest funding round is Series D.
How much did Vestwell raise?
Vestwell raised a total of $240M.
Who are the investors of Vestwell?
Investors of Vestwell include Primary Venture Partners, FinTech Collective, Fin Capital, Lightspeed Venture Partners, TIAA and 23 more.
Who are Vestwell's competitors?
Competitors of Vestwell include Human Interest and 5 more.
What products does Vestwell offer?
Vestwell's products include Retirement Plans and 2 more.
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Compare Vestwell to Competitors
Betterment operates as a digital investment advisor that focuses on automated investing and savings services within the financial technology sector. The company offers a range of products, including automated portfolio management and tax-advantaged retirement accounts that aid personal finance management for individuals. Betterment provides diversified investment portfolios, tax loss harvesting, and financial planning tools to help clients achieve their financial goals. It was founded in 2008 and is based in New York, New York.
SigFig focuses on digital wealth management solutions within the financial services industry. The company offers a suite of products that facilitate effortless and compliant account opening, client onboarding, investment management, and financial planning for various financial institutions. SigFig's solutions cater to banks, credit unions, wealth management firms, insurance companies, and individual investors. It was founded in 2006 and is based in San Francisco, California.
Wacai operates as a fintech company. It develops an online personal financial management platform that provides users with wealth management services and credit solutions. The company was founded in 2009 and is based in Hangzhou, China.
ForUsAll offers a platform that enables employers to provide a modern 401(k) plan. The company offers 401(k) plans for startups and small businesses, with features such as payroll integration, the ability to add cryptocurrency to the plan, and automated administration. It caters to the startup sector, small to medium-sized businesses, and blockchain and web3 companies. The company was founded in 2012 and is based in San Francisco, California.
Human Interest focuses on providing retirement savings solutions. It offers full-service 401(k) and 403(b) plans, making it easier for small and medium-sized businesses to help their employees save for retirement. Its services primarily cater to the small and medium business sectors. It was formerly known as Captain401. The company was founded in 2015 and is based in San Francisco, California.
ASC Trust specializes in retirement plan management within the financial services industry. The company offers a range of services including individual retirement accounts (IRAs), 401(k) administration, health savings accounts, wealth management, and college savings plans. ASC Trust primarily serves the financial sector, with a focus on retirement planning and related services. It was founded in 1990 and is based in Hagatna, Guam.
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