# Basic Capital

> Basic Capital is a New York fintech building a modernized 401(k) and IRA platform that lets everyday workers finance their retirement investments rather than only contribute out of pocket. For every dollar a saver puts in, the company supplies supplemental capital - roughly four additional dollars - so contributions are deployed into diversified portfolios of ETFs, bonds, and access to alternatives like private credit. Founded by former Goldman Sachs banker Abdul Al-Asaad, it positions itself as the first platform to bring financing and alternative assets into tax-advantaged retirement accounts, and raised a $25M Series A in August 2025 led by Forerunner and Lux Capital.

- **Founded:** 2021
- **Headquarters:** New York, New York, United States
- **Founders:** Abdul Al-Asaad (Co-founder & CEO)
- **Team size:** ~43 employees
- **Products:** Basic Capital 401(k), Retirement Mortgage / Investment Financing, Alternative & Brokerage Access, IRA Plans
- **Notable:** Closed a $25M Series A in August 2025 led by Forerunner and Lux Capital., Attracted legendary private-equity investor Henry Kravis (KKR co-founder) as a backer., Positioned as the first platform to offer financing and access to alternative investments within 401(k)s and IRAs.

## Products & services

- **Basic Capital 401(k)** — A modernized 401(k) platform with open plan architecture, 6,000+ investment options, an embedded brokerage window, real-time compliance monitoring, and a mobile-first interface. Available as a fully bundled plan or as modular components alongside existing advisors and administrators.
- **Retirement Mortgage / Investment Financing** — Basic Capital's signature feature: for every $1 a participant contributes, the platform supplies supplemental capital (about $4 more) so contributions are deployed at roughly 5x scale into diversified ETF and bond portfolios through an LLC structure.
- **Alternative & Brokerage Access** — Access within retirement accounts to individual stocks and ETFs, private investments, private credit, and cryptocurrency - asset classes typically unavailable in traditional 401(k)s.
- **IRA Plans** — Individual retirement account plans that extend Basic Capital's financing and expanded-choice model beyond employer-sponsored plans, including Mega Backdoor Roth support up to $72,000 in annual contributions.

## Achievements

- Closed a $25M Series A in August 2025 led by Forerunner and Lux Capital.
- Attracted legendary private-equity investor Henry Kravis (KKR co-founder) as a backer.
- Positioned as the first platform to offer financing and access to alternative investments within 401(k)s and IRAs.
- Emerged from roughly five years of stealth development to launch a full category-defining 401(k) product in 2025.

## Latest updates

- **2025-08** — Closed $25M Series A led by Forerunner and Lux Capital, with SV Angel, Box Group, Henry Kravis, HOF Capital, and Inspired Capital participating.
- **2025-05** — Profiled by Bloomberg for bringing leverage and private credit into 401(k) investing; founder shared the origin story publicly as the company came out of stealth.

## Links

- Website: https://basiccapital.com
- LinkedIn: https://www.linkedin.com/company/basic-capital
- Twitter/X: https://x.com/Abude_al_asaad

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Profile page: https://yespress.io/basic-capital
Published by YesPress — https://yespress.io
Last updated: 2026-07-22