Retirement plan compliance platform Advice Analytics has reportedly won $235,000 at the Seattle Angel Conference.
The 28th annual competition was the first to accept companies from outside Seattle, due to being held virtually, according to a report from Geekwire.
San Diego-based Advice Analytics enables recordkeepers, consultants and plan administrators to ensure they are maintaining 401 (k) compliance. It claims to be mitigating around $12bn in compliance risk.
The RegTech claims to have built their product in just two months, launching ahead of schedule and under budget.
Earlier in the year, retirement planning company Human Interest Secured $50m for its Series C round, which was backed by Glynn Capital. The FinTech helps SMEs and employees improve their retirement plans through automated 401(k) plans.
It chose to raise funds due to the rapid growth it witnessed as a result of the pandemic.
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