Addition Wealth Analysis: $4M Raised
What is Addition Wealth?
Addition Wealth is a financial wellness platform dedicated to making personalized financial expertise more inclusive and accessible. The company's mission is to empower individuals by providing tailored financial guidance and resources that cater to their unique needs. Key services offered by Addition Wealth include financial planning, investment management, and educational resources aimed at enhancing financial literacy.
Employees
14
Founded
2017
Industry
Wealth Management
Funding Amount
$4.2M
Industry Type
Wealth Management
Latest Funding Round Size
$4.2M
Product Features & Capabilities
- AI-powered financial assistant for real-time financial insights
- Debt Pay-Down Tool for high-interest debt analysis
- Equity Offer Tool for ISO valuation
- Retirement Planning Tool with personalized savings scenarios
- Tax Decision Support for HSA and 529 plan allocation
Use Cases
Analyze ISO vesting schedules and equity value for new job offers; Decide between HSA and 529 savings for a raise; Create emergency budgets during inflation; Reduce high-interest debt with scenario-based planning; Learn about retirement savings with personalized goals
How much Addition Wealth raised
Funding Round - $4.2M
RecentKey Products
Addition Wealth offers a financial wellness platform with the following key products and services:
- Digital Tools: Proprietary technology that enables employees to explore various financial scenarios and outcomes for informed decision-making.
- Access to Financial Professionals: Free, unlimited 1-on-1 access to certified financial advisors for discussions on a range of financial topics.
- Customized Solutions and Programming: Tailored programs designed to meet the specific needs of employers and their employees.
- Support for Various Financial Decisions: Assistance with budgeting, savings, employee benefits, debt management, retirement planning, tax support, home buying, education savings, and equity compensation.
These offerings aim to enhance financial health and productivity among employees.
Recent News
Recent news related to Addition Wealth includes the recognition of Ana Mahony, the Founder and CEO, who won the UBS Female Founder Award 2023. This award highlights early-stage, women-led companies, showcasing Addition Wealth's commitment to financial wellness and inclusivity. Additionally, the company emphasizes the impact of financial stress on overall wellbeing, noting that employees with financial issues are significantly more likely to experience sleepless nights, which can affect their work performance.
Competitors
The main competitors of Addition Wealth in the fintech space include:
- LearnLux
- Northstar
- Questis
- H Stern
- BPAS
- The Financial Guys
- Equitymaster Agora Research
- Ethelo
- Network Perception
- Mural
Other Considerations
Trusted by Lime, Sardine, Roofstock, and Branch; 24/7 AI-powered platform with real-time insights; Supports 10+ financial decision types; Backed by AICPA certification; Client testimonials from General Counsel and HR leaders
See something that needs updating? Suggest edits to this profile.