Basic Capital completed $25 million Series A Round funding
Sector:
Software App
Fintech
Consumer
08/19/2025
New York, NY USA
Basic Capital
completed $25 million Series A Round funding. Investors include
Forerunner Ventures (lead), Lux Capital (lead), SV Angel, BoxGroup, HOF Capital, Inspired Capital.
"The engine of 401(k)s has not been significantly upgraded in 40 years,” said Abdul Al-Asaad, Founder and CEO of Basic Capital. “This new investment into Basic Capital, alongside policy changes emerging from Washington, D.C., represents a huge win for American workers as retirement plans get brought into the 21st century.”
About
Basic Capital is a full-stack retirement platform that amplifies retirement investments by providing financing within IRAs and 401(k)s. The company offers $4 of financing for every $1 contributed, giving investors 5x the investing power in diversified portfolios designed for long-term growth
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