Skip to content
The Toronto-based retirement income solutions platform said on Wednesday Rebalance Capital and Nationwide Ventures co-led the round, with participation from J.P. Morgan Asset Management among others. It will use the funds to scale its retirement paycheque system and make it work more smoothly with recordkeepers. (The Logic)
Talking point: This round brings Micruity’s total funding to date to US$27 million. The company helps clients manage their 401(k) savings by converting balances into predictable retirement income and supporting retirement funds that provide guaranteed income streams. It said revenue has doubled year-over-year and usage has grown seventeenfold. “This new funding accelerates our work connecting recordkeepers, asset managers and insurers so retirement paycheques become the default, not the exception,” said Trevor Gary, CEO of Micruity, in a press release.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: The rise of AI-powered solopreneurs could upend how the economy works
Briefing
Celestica completes US$3.45B share sale to meet demand for data-centre equipment
Sun Life pitches itself on Wall Street as an alternative to Blackstone, Apollo
MDA revenue jumps 34% in Q2, raises full-year outlook
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
