Friday, September 10, 2021


Rocket Greenback Raises $8 Million Collection A Funding Spherical to Additional Speed up the Adoption of Different Funding IRA Platform

Class main self-directed IRA and Solo 401(okay) platform surpasses $350 million in retirement property after record-growth 12 months AUSTIN, Texas,…

By Staff , in IRAs , at September 9, 2021


Class main self-directed IRA and Solo 401(okay) platform surpasses $350 million in retirement property after record-growth 12 months

AUSTIN, Texas, Sept. 9, 2021 /PRNewswire/ — Rocket Greenback, the fastest-growing self-directed retirement platform, has efficiently raised $8 million in Collection A financing. The spherical was led by Park West Asset Administration with participation from Hyphen Capital, Moneta Enterprise Capital, Kraken Ventures, and Primetime Companions, co-founded by Alan Patricof. Current investor Certain Ventures additionally participated. Moreover, former T. Rowe Value World Funding Providers CEO and President Todd Ruppert will be a part of Rocket Greenback’s Board.

Rocket Dollar Horizontal Logo

Rocket Greenback Horizontal Brand

Rocket Greenback will use the funding to speed up product improvement, improve buyer expertise, double down on cybersecurity, and increase funding schooling and content material to make sure buyers of all ages and class really feel empowered when opening an account and investing via Rocket Greenback.

“Trendy buyers anticipate ease, belief, and comfort on the subject of managing their funding portfolio,” mentioned Henry Yoshida, CEO and Co-Founding father of Rocket Greenback. “After learning this business for years, we now have utilized new know-how to a paper-driven complicated business that immediately makes investing in alternate options accessible and inexpensive. This offers management again to shoppers and opens a wider vary of asset courses to savvy buyers, with out the necessity for costly service suppliers.”

With a customer-first and technology-centric method to product improvement, Rocket Greenback has constructed a basically highly effective and versatile different funding IRA and Solo 401(okay) platform enabling potential and current account holders to faucet into funding alternatives exterior of shares, bonds and mutual funds.

“In recent times, we now have seen an explosion of curiosity in alternate options as people see how a lot wealth is created from non-public investments,” mentioned Dave Lu, Founder and Managing Companion of Hyphen Capital. “Henry and his crew are uniquely certified and well-positioned to revolutionize how buyers leverage self-directed accounts for different investments, having helped 1000’s of people unlock the potential of their IRA funds to speed up wealth accumulation.”

Having fun with the tax benefits of IRA accounts, Rocket Greenback permits account holders to put money into different property exterior of shares and bonds corresponding to actual property, non-public fairness, startups, cryptocurrency, and extra.

“The monetary sector is within the midst of a technological revolution,” mentioned Brandon Gath, Managing Companion at Kraken Ventures. “Diversification is the one free lunch in investing, however siloed working methods and outdated tech stacks imply customers have lengthy struggled to maneuver their retirement financial savings into a variety of asset courses. That is what Rocket Greenback solves: they allow anybody, from the twenty-something straight out of faculty, to the 60-year-old trying to maximize their financial savings, to achieve the identical stage of monetary autonomy that has traditionally been reserved for the ultra-wealthy. Kraken Ventures believes know-how finally empowers the investor and Rocket Greenback permits everybody so as to add crypto – the very best performing asset class of the previous decade – to their retirement account.”

After a document progress 12 months and surpassing $350M in buyer property, Rocket Greenback continues to assist people faucet into the $12.6 trillion {dollars} locked away in IRAs (supply: Funding Firm Institute, interval ending Q1, 2021) to take a position just like the ultra-wealthy.

About Rocket Greenback

Rocket Greenback supplies self-directed retirement accounts to people who wish to use their retirement financial savings to put money into any different asset allowed by the IRS corresponding to actual property, crypto, startups, lending, and extra, with out dropping any IRA tax advantages. Account-holders can relaxation assured that their knowledge is securely saved as Rocket Greenback is SOC 2 Kind 2 licensed. With prospects in all 50 states, Rocket Greenback’s platform makes investing quick, easy, and secure. For extra data, go to www.rocketdollar.com

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SOURCE Rocket Greenback



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