The other day, Baltimore-based fintech company Facet Wealth said it raised$25 million in financing as it readies a brand-new service line pitching financial planning as an employment advantage to businesses aiming to recruit leading skill.&Employment advantage packages are expanding&beyond the basic health club membership and healthcare to consist of memberships to Netflix, discount rates on delivery and rideshare services, and other benefits. Why not financial health? The thesis certainly handled to bring in a big-money backer, with Warburg Pincus
, the multi-billion-dollar personal equity financial investment company, which doubled down on its commitment with the new funding into the business. The company said the most recent round would be utilized to finance the growth of Facet Wealth’s direct-to-consumer business even as it prepares its employee benefit service for launch. Already clients are signing up for pre-launch collaborations to get their workers on the program. Early wannabe users include ClassPass, MyVest and Chili Piper, the business stated.”Given that our very first investment 2 years earlier, the Aspect Wealth group has proven their ability to fulfill a special customer need, evolving and expanding their offering to build a really innovative customer experience and business model, “stated Jeff Stein, handling director at Warburg Pincus. “Their growth into the company market even more strengthens them as a category-defining company that is well-positioned to interfere with the wealth management market for several years to come.”To date, Element Wealth has actually raised $62 million in financing from Warburg Pincus, Slow Ventures and other, concealed
financiers. Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.