NewRetirement, now rebranded as Boldin, is a financial planning platform designed to offer comprehensive and digital-first services to both consumers and enterprise partners. Founded by Stephen Chen, the company originated in Mill Valley, California. NewRetirement has raised a total of $25 million through its latest funding round, which has been pivotal in expanding its services and reaching broader markets. As of recent updates, the platform is utilized by over 300,000 consumers and countless more through enterprise collaborations, emphasizing its role in facilitating financial wellness and retirement planning.
| Attribute | Information |
|---|---|
| Founding Date | 2015 |
| Headquarters | Mill Valley, California |
| Founders | Stephen Chen |
| Revenue | Not publicly disclosed for 2024 yet. Historical data indicated significant growth and revenue. |
| Profits | Not publicly disclosed for 2024 yet. |
| Key Investors | Allegis Capital, Nationwide Ventures, Northwestern Mutual Future Ventures, Plug and Play Ventures, Motley Fool Ventures |
| Industry | Financial Services, Financial Technology (FinTech) |
| Number of Employees | Approximately 50, as reported in 2024 |
| Major Products/Services | Boldin (formerly NewRetirement) Platform, Financial Planning Tools, Retirement Calculators |
NewRetirement was established in 2015 by Stephen Chen, driven by a personal mission to deliver affordable and effective retirement planning resources. Recognizing a gap in the market, Chen aimed to offer services that surpassed the traditional advisor model. The platform initially catered directly to consumers before expanding its focus to include enterprise solutions. By leveraging technology and comprehensive financial modeling, NewRetirement rapidly gained traction, distinguishing itself in the market with its user-centric design and functionality.
NewRetirement has evolved into a significant player in the fintech space, offering a detailed platform that spans beyond basic savings strategies to include comprehensive financial health management. Some of the critical milestones include:
Boldin (previously NewRetirement) operates in a niche yet expanding market of digital financial planning tools. Its current operations are heavily focused on blending direct-to-consumer offerings with scalable enterprise solutions. By harnessing AI and providing API capabilities, Boldin allows partner companies to integrate and offer customized financial wellness tools. This strategic positioning has enabled Boldin to capture significant market share and drive user engagement among both individual and corporate clients.
Boldin, emerging from its beginnings as NewRetirement, has proven itself as a pioneer in the field of financial planning services. By continually adapting its offerings to meet the dynamic needs of modern financial management, the platform not only remains relevant but sets itself apart as a leader in financial tech for retirement planning. Its forward-thinking approach, reinforced by strategic partnerships and innovative technology implementations, suggests a promising trajectory, poised to address evolving client demands in financial wellness.