OAKLAND, CA., February 25, 2022 /PRNewswire/ — The Seasoned Team Behind Paperworkthe financial wellness solution that is transforming the way people organize and manage their financial lives, today announced its closure $2.5 million in seed funding through a fundraising round led by Kickstart Fund with participation from Launchpad Capital, AARP, StartUp Mavericks and a host of influential angel investors.
The company’s proprietary financial wellness platform automatically organizes and analyzes financial accounts and important documents, such as wills, insurance policies and other financial information that customers upload using Paperwork’s mobile app. The app then provides personalized information and suggestions that help them make smarter financial choices, plan for the future, and protect their family’s financial well-being. The funds will be used to scale the company’s continued development of its comprehensive financial wellness platform while expanding distribution opportunities and partnerships with financial service providers.
Now is a great time to capitalize on heightened consumer awareness and interest in financial wellness, says Kevin Cimring, Founder and CEO of Paperwork. “The pandemic has dramatically increased consumer focus on financial well-being and resilience, from the importance of having sufficient emergency savings to adequate insurance coverage and good planning for retirement and retirement. the estate,” he said. “The flip side is that financial literacy in the United States is at an all-time low. Paperwork fills that gap with actionable information that helps families improve all critical areas of their financial lives.”
Alex Soffe, a Kickstart Fund partner who led the investment, was impressed with the team’s experience as well as the breadth of their vision. “We supported Paperwork because we believe in the team, its mission, and the opportunities for growth. The founders are fintech veterans with previous releases, and their platform is attractive not only to consumers, but also “For partner companies looking to improve engagement with their customers and deliver value. The opportunities for Paperwork are significant.”
“The peace of mind that Paperwork provides customers is invaluable,” said Ryan Gilbert founding partner of Launchpad Capital who reinvested after leading the company’s pre-seed. “The Paperwork essentially provides a blueprint for financial stability and well-being in an easy-to-use mobile app. A no-brainer for every busy family.”
Paperwork is led by a team of fintech veterans whose mission is to help people make smarter financial choices, plan better, and protect their families. Financial literacy is at an all-time low in the United States, costing families billions of their hard-earned money. Paperwork’s unique mobile approach to financial wellness makes it easier for people to take control of their financial lives and secure a better financial future. For more information, visit www.paperwork.co or write to us at [email protected].
About the Startup Fund
Kickstart Fund is an early-stage venture capital firm based in Salt Lake City, UT. Kickstart’s mission is to help create great businesses in the Wild West by supporting the boldest entrepreneurs with capital, community, and expertise for travel. Since raising its first fund in 2008, Kickstart has invested in more than 100 companies. For more information, visit www.kickstartfund.com.
About Launchpad Capital
Launchpad Capital invests in multi-stage fintech opportunities in the United States and internationally. For more information, visit www.launchpad.vc.
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose their lifestyle as they age. With a national presence and nearly 38 million members, AARP strengthens communities and champions what matters most to families: health security, financial stability and personal fulfillment. AARP also produces the most popular publications in the country: AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org, www.aarp.org/espanol or follow @AARP, @AARPenEspanol and @AARPadvocates, @AliadosAdelante on social media.
About StartUp Mavericks
SUM is an early-stage venture capital firm focused on investing in resilient founders who are building the future of fintech and real estate. For more information, visit www.sum.vc.