Capitalize was founded to address the significant problem of forgotten or "stranded" 401(k) accounts that workers often leave behind when they change jobs. The company's mission is to make the retirement account rollover process simple, transparent, and efficient. Its platform provides a free service for individuals to locate their old 401(k) accounts and consolidate them into an Individual Retirement Account (IRA) of their choice or into their current employer's 401(k) plan. Capitalize generates revenue through partnerships with financial institutions that pay a fee when a user chooses to open a new IRA with them through the platform.

Founded in

United States