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.
M1 is a Chicago-based personal finance platform that bundles investing, borrowing, and spending into a single app it calls 'The Finance Super App.' Built around customizable 'Pies' that let people design a portfolio of stocks and ETFs and automate contributions and rebalancing, M1 aims to give self-directed investors the kind of automated, low-cost money management once reserved for the wealthy. Founded in 2016 by Brian Barnes, the company has raised more than $300 million and surpassed $10 billion in assets under management.