Ubiquity Retirement + Savings Closing $19 Million in Series D Funding

Capital allocated to developing proprietary recordkeeping system, Paradigm RKS(™)

SAN FRANCISCO--()--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.

This round of financing is dedicated to the continued buildout of Paradigm RKS() (Paradigm), Ubiquity’s proprietary, automated recordkeeping system designed to support affordable retirement plans for the historically underserved small business market.

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.

“Since its inception 20 years ago, Ubiquity’s sole purpose has been to solve the looming retirement crisis for the millions of employees of small and micro businesses across the U.S., who lack access to basic workplace retirement savings plans,” said Chad Parks, Founder and CEO of Ubiquity Retirement + Savings. “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.”

For more information on Ubiquity Retirement + Savings, please visit myubiquity.com.

About Ubiquity Retirement + Savings

Ubiquity Retirement + Savings has helped savers contribute over $2.25 billion toward their retirements since 1999. 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. The company is headquartered in San Francisco with satellite offices from coast to coast.

Contacts

Gregory FCA for Ubiquity Retirement + Savings
Jen Diehl, 610-228-2124
ubiquity@gregoryfca.com

Release Summary

Ubiquity Retirement + Savings Closing $19 Million in Series D Funding

Contacts

Gregory FCA for Ubiquity Retirement + Savings
Jen Diehl, 610-228-2124
ubiquity@gregoryfca.com