Capitalize Named a TIME Best Invention of 2021
NEW YORK–(BUSINESS WIRE)–Capitalize, the first independent platform to transfer retirement assets, today announced it has been recognized by TIME as one of the Best Inventions of 2021.
“We are excited and honored to be recognized by TIME as a Best Invention for 2021,” said Gaurav Sharma, CEO of Capitalize. “We started Capitalize with the broader mission to help Americans save for retirement and are still in the early innings of that journey. The painful rollover process is a symptom of much deeper underlying problems in the modern retirement savings market – and we want to solve all of them.”
Since launching in late September 2020, Capitalize has helped tens of thousands of Americans get their retirement savings back on track with their free, easy-to-use platform. The Capitalize platform helps users locate their legacy 401(k) accounts online and consolidate them into an account of their choice through a combination of technology and a leading concierge team.
Even before “The Great Resignation,” Capitalize estimated there are 24.3 million forgotten 401(k)s holding approximately $1.35 trillion in assets, with another 2.8 million accounts left behind annually. Capitalize presents a solution to this problem by finding and managing these old retirement accounts in a seamless and streamlined experience.
View the full list of TIME’s Best Inventions here.
About Capitalize
Capitalize is a New York-based fintech company that helps people easily consolidate or “roll over” their old 401(k) accounts into a new or existing retirement account – for free. Capitalize manages the entire 401(k) rollover process for users through an online, seamless alternative to the manual, paper-based process of transferring retirement accounts. Since the company’s launch in 2020, Capitalize has raised $15 million from leading venture capital firms and partnered with leading financial institutions & employers. www.hicapitalize.com
Contacts
Media
Reed Schneider
Prosek Partners
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