Capitalize is a mission-driven fintech company tackling one of the most overlooked problems in personal finance: the $100 billion in forgotten 401(k) accounts that Americans leave behind when they change jobs. Every year, nearly 20 million workers switch jobs, and the complex, paper-based 401(k) rollover process causes millions to lose track of their retirement savings. Capitalize exists to fix this broken system by providing a free, digital platform that helps people locate their old retirement accounts and transfer them into a consolidated IRA.
The company's dual approach serves both individual consumers and enterprise financial institutions. For consumers, Capitalize offers a completely free service that handles the entire 401(k) rollover process - from finding forgotten accounts to managing the paperwork and phone calls with old providers. For financial institutions, Capitalize provides enterprise-grade APIs that enable seamless retirement account transfers as part of their core funding flows. Named one of TIME's Best Inventions and recognized by Forbes as a Top 50 Fintech Company, Capitalize has raised $35 million from leading investors including RRE Ventures, Canapi Ventures, and Greycroft to modernize how Americans manage their retirement savings.
