Retirement Planning Fintech Start-Up Income Lab Completes $1.7 Million Seed Financing Round
Summary
DENVER, Sept. 8, 2021 /PRNewswire/ -- Income Laboratory, Inc. (Income Lab), the investment industrys first provider of dynamic retirement planning software, has completed a seed financing round, raising $1.7 million from industry executives and investors, including Dave Agostine, a former managing director for BlackRock and former CEO of Cachematrix; Tom Florence, a managing director at Hamilton Lane and former CEO of 361 Capital; and Robert Pinkerton, CFO at Conga and an Income Lab board member. Denver-based Income Lab introduced a beta version of its cloud-based software in early 2020 for the financial advisory and planning market. With Income Lab, advisors now have a superior tool that can strengthen their relationships with clients and help ensure success, not failure." We want retirees to enter retirement with confidence and understanding of what their journey could look like—not with fear and anxiety about running out of money." Rather than solely using current static software that runs traditional Monte Carlo scenarios, advisors can enhance their practices by adding Income Labs technology to adjust dynamically for evolving economic and market conditions, tax regime changes, and shifts in spending.