Basic Capital

Basic Capital is a fintech company headquartered in New York City's SoHo district, operating in the retirement planning and financial services sectors. The firm has raised $25 million in Series A funding to develop its platform. Its stated mission is to help reduce wealth inequality in America.

The company's core offering is a modern 401(k) platform designed for employers and employees. For employers, it provides real-time compliance monitoring and flexible administration. Employees gain access to over 6,000 investment options and wealth-building tools.

Basic Capital's distinguishing product is the "Retirement Mortgage," a financing mechanism that aims to amplify workers' purchasing power for retirement investing. The company draws a parallel between this product and an FHA mortgage, but applied to retirement wealth accumulation rather than homeownership. The firm describes itself as a lean, high-performance team.