Basic Capital is a fintech company based in New York City's SoHo district that operates in the retirement planning and financial services sectors. The firm develops technology to enhance 401(k) retirement investing for American workers, with a stated goal of reducing wealth inequality. It is backed by $25 million in Series A funding.
The company's central product is the 'Retirement Mortgage,' a financing mechanism designed to give employees more investing power with every contribution by allowing them to build wealth on a larger capital base. Its technology platform is built around fintech and investment platform domains.
In addition to this core product, Basic Capital offers a Modern 401(k) Platform for employers. This platform provides over 6,000 investment options, real-time compliance monitoring, and flexible administration features, while giving employees access to a suite of wealth-building tools. The company operates with a lean, high-performance team structure.
