BlackRock, an investment powerhouse, announced on Friday that it is taking a minority stake in Human Interest – a venture-backed fintech startup. The company is leading the financing round for the startup as well.
The details of the deal were not revealed.
Human Interest’s digital retirement benefits platform helps users launch a retirement plan quickly and set it on autopilot. It has also eliminated all 401(k) transaction fees. The company works with SMBs of all kinds, from tech startups to law offices, dentists to dog walkers, manufacturers and social justice nonprofits.
“BlackRock’s remarkable team is dedicated to offering exceptional retirement savings and investment options. We are thrilled to collaborate with them to develop creative solutions that will bring retirement within reach of millions more workers in the future,” said Jeff Schneble, CEO of Human Interest.
“We’re thrilled to help Human Interest close the access gap,” said Anne Ackerley, Head of BlackRock’s Retirement Group.
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