Basic Capital is a fintech company operating in the retirement services sector from New York City's SoHo district. The firm has developed a modern 401(k) platform built around what it calls a "Retirement Mortgage" - a financing mechanism designed to amplify employees' investing power by allowing them to build retirement wealth on a larger capital base. The platform offers access to more than 6,000 investment options alongside savings and planning tools.
The company positions itself as addressing a structural gap in American retirement savings, where the average 401(k) balance sits at around $30,000. Its approach aims to reduce wealth inequality by giving employees greater leverage in their long-term investment strategies. Basic Capital is backed by $25 million in Series A funding.
The team describes itself as lean and high-performance, with a stated commitment to reshaping how Americans build retirement wealth. The firm operates within the broader fintech and retirement services verticals.
