Human Interest Gets Its Own $15 Million Investment

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Financial services startup Human Interest announced it raised new funding to make investing for retirement more affordable.

The automated 401(k) provider raised $15.4 million in Series B funding, led by US Venture Partners, with participation from Wing VC, Uncork Capital, Slow Ventures and other investors. It plans to use the new funding to accelerate its goal of making retirement saving easier and more affordable for small and mid-sized companies. More than 35,000 million people already use the service.

“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,” said Jeff Schneble, CEO of Human Interest in a statement.

Human Interest also announced it has added Mark Goines, Vice Chairman of Personal Capital, to its board. Goines has been in the fin-tech sector for 35 years, including serving as VP of Product at Charles Schwab.