Capitalize and The Mom Project have partnered to help the organization’s talent base find and consolidate their retirement accounts. Capitalize is the first independent platform to transfer retirement assets. The Mom Project is the leader in helping businesses attract and retain female talent.
Under the terms of the partnership, The Mom Project community of 500,000 women will get direct access to the Capitalize platform and rollover concierges to help find and consolidate old or lost retirement accounts, such as a 401(k), into a new individual retirement account (IRA) of their choice. This consolidation will help mothers easily keep track of and grow their retirement assets to achieve their financial goals.
“The Mom Project is committed to providing mothers with the resources they need to stay in the workforce, and it’s a mission we couldn’t be happier to support,” said Gaurav Sharma, CEO of Capitalize. “According to the Transamerica Institute, only 39 percent of women are confident they will have enough resources to last 25 years into retirement. Through this partnership, we’re excited to be a resource for change providing mothers with control as they plan for retirement.”
“It’s so important for mothers to be in control of their retirement planning – and to feel empowered when doing so, every step of the way,” says Allison Robinson, founder and CEO of The Mom Project. “We are thrilled to be working with Capitalize, because through this partnership, mothers will now have access to the extra resources needed in order to pave the way for a financially successful future for both themselves and their families.”
Capitalize is a fintech company located in New York. It helps people easily consolidate or “roll over” their old 401(k) accounts into a new or existing retirement account. What’s more, it does this for free. Capitalize manages the entire 401(k) rollover process for users through an online, seamless alternative to the manual, paper-based process of transferring retirement accounts. Since the company’s launch in 2020, Capitalize has raised $15 million from leading venture capital firms. The company has partnered with leading financial institutions & employers. www.hicapitalize.com
About The Mom Project
The Mom Project is the leader in helping businesses attract and retain female talent. The company has a community of more than 500,000 talented professionals connecting to over 2,000 companies. The Mom Project aims to build a better workplace and harness the oft-overlooked intellectual workplace power of moms. Allison Robinson founded the Chicago-based company in 2016, and serves as CEO. The Mom Project has raised $36M in funding to date. Serena Williams joined as a Strategic Advisor in 2020 to further mobilize the mission.