US wealthtech NewRetirement secures USD 20 million in Series A funding​

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California-based NewRetirement, which provides a financial planning and wellness platform, has raised USD 20 million in a Series A funding round.

The FinTech says it will use the capital raised from the round, led by Allegis Capital, to “expand its enterprise offerings” and fund platform research and development. The platform is currently powered by a planning and modeling engine that uses data and technology to deliver digital tools that allow consumers in the United States to “confidently create and manage their financial plan”.

These tools combine comprehensive accumulation and decumulation planning with digital guidance, and they cover a wide range of topics, including human capital, estate planning, home equity, pensions, Medicare, social security, and taxes.

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