Human Interest, Inc. Secures $15.4 Million USD in a Series B Funding Round


(San Francisco, CA) Somewhere along the line, or eventually in other words, a small to medium size business does think about the employees.  Thinking about the employees, means thinking about their financial well being.  Coincidentally, three out of five employees cite that financial stress due to retirement, is indeed on top of the list.  At risk for financial insecurity, in the retirement stage, are employees of small to medium size businesses.  Fortunately, Human Interest, Inc. is an online service for 401(k) plans.  The 401(k) plans are geared towards small and medium size businesses.  Additionally, these plans are considered to be affordable, automated and user-friendly.  Recently, Human Interest, Inc. announced that, it will continue to offer 401(k) plans to businesses for a long time.  Specifically, the aforementioned business revealed that, it has secured $15.4 million USD in a Series B funding round.  As part of the funding round, Mark Goines will be joining the board of directors.  Additionally, current investors decided to double down on their bet.  The current investors who doubled down on their bet include Wing VC, Uncork Capital and Slow Ventures.  The most noteworthy new investor of Human Interest, Inc. is U.S. Venture Partners. 
            U.S. Venture Partners as the most noteworthy new investor of Human Interest, Inc., will be contributing funds.  The funds will be used for the following one thing.  The one thing is the continued growth of Human Interest’s business model.  In reference to, Human Interest’s business model, the aforementioned is made up of the following.  Providing innovative retirement savings plans, to small and medium size businesses.  Currently, Human Interest, Inc. reports that clients are in the tens of thousands.  Hopefully and at the end, more employees will have a secure financial future.  However and returning to, Human Interest, Inc., the aforementioned is obviously geared towards the private sector.  In fact; it is said that, one third of workers in the private sector do not have access, to 401(k) plans.  Coincidentally, older versions of 401(k) plans are considered to have become antiquated.  For the latter, it is a way of saying that, the older versions of 401 (k) plans contain high fees.  Predatory fees can also be interchanged, in there.  As a sales pitch, Human Interest, Inc. likes to cite these two interesting facts.  Businesses that use Human Interest’s services see a 70% participation rate, amongst eligible employees.  For those businesses that offer automatic enrollment and an employer match, the participation rate is 93%.  As previously said, Mark Goines will be joining Human Interest’s Board of Directors.  Mark Goines is the Vice Chairman of Personal Capital.  Through a press statement, Mr. Goines said the following.  “Since 401(k) plans became popular in the 1980s, they have predominantly benefited employees at larger companies.  Small employers are now, more than ever, including retirement plans as a part of their core benefits, and Human Interest is perfectly positioned to meet this demand.”   
            Steve Krausz is the General Partner of U.S. Venture Partners.  Through a press statement, Mr. Krausz said the following.  “We look for companies that have the potential to create large markets by taking advantage of disruptions and societal changes.  Human Interest is bringing retirement benefits to over 40 million working Americans that currently do not have them.  And, this is at a time when there’s an increasing understanding that personal savings is a key component of any long term planning.”  Steve Krausz also said.  “We also look for businesses with a clear technical moat, and Human Interest has built the technology stack that creates the modern digital 401(k) experience.  This encompasses a complex backend infrastructure, such as recordkeeping, compliance, and automated administration that enables them to cost-effectively service customers at the SMB scale with the highest level of satisfaction.” 
            To end, Human Interest, Inc. did release press statements.  Roger Lee is a Co-Founder and the Chief Product Officer of Human Interest, Inc.  Through a press statement, Mr. Lee said the following.  “We’ve been encouraged by the range of customers across the country that have flocked to Human Interest, from small businesses that have never before offered a retirement savings plan, to medium-sized companies looking to switch from an expensive, traditional 401(k) provider.  We’re called Human Interest because we’re human-centered, and we want to work with other businesses who are, too.”  Jeff Schneble is the Chief Executive Officer of Human Interest, Inc.  Through a press statement, Mr. Schneble said the following.  “We are fortunate to be in a market that touches almost half of the U.S. workforce, and where we’ve seen extremely strong product-market fit.  We are focused on accelerating distribution and reaching millions of working Americans as quickly as possible.”  As previously stated, Human Interest, Inc. recently announced that, it will continue to offer 401(k) plans to businesses for a long time.  Specifically, the aforementioned business revealed that, it has secured $15.4 million USD in a Series B funding round.  As part of the funding round, Mark Goines will be joining the board of directors.  Additionally, current investors decided to double down on their bet.  The current investors who doubled down on their bet include Wing VC, Uncork Capital and Slow Ventures.  Lastly; the most noteworthy new investor of Human Interest, Inc. is U.S. Venture Partners. 

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Written from Press Release
Registered Writer with
PR Newswire Association, LLC
R-Berumen28
08/10/2019

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