Ubiquity Retirement + Savings Closing $19 Million in Series D Funding
Summary
SAN FRANCISCO--( BUSINESS WIRE )-- Ubiquity Retirement + Savings (Ubiquity), a leading fintech company that pioneered flat-fee small business retirement plans, is closing on $19 million in Series D funding led by existing investors who have been engaged with and invested in the firm for nearly two decades. Built and housed entirely in the cloud, Paradigm will soon be available for licensing on a business process outsourcing (BPO) and Software as a Service (SaaS) basis to third-party administrators, recordkeepers and financial institutions that want to serve the small business retirement plan market, but don’t yet have the infrastructure in place to do so, or are saddled with legacy systems and processes. “With this new round of financing from our dedicated investors, who have been with us since day one, we can take the necessary strides to further democratize small business retirement savings. Like the rest of us at Ubiquity, our investors recognize that filling this void in the marketplace is a marathon, not a sprint, which allows us to make better long-term decisions for our employees and clients, without the pressure to ‘perform or die’ in three to five years, like some of our more recent competitors.” As the first flat-fee-for-service small business plan provider in the U.S., Ubiquity delivers peace-of-mind with zero hidden fees in the fine print.
Funding
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