Betterment
Founded Year
2010Stage
Series F | AliveTotal Raised
$435MValuation
$0000Last Raised
$60M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-55 points in the past 30 days
About Betterment
Betterment operates as a digital investment advisor focusing on automated investing and savings services within the financial technology sector. The company offers a range of products including automated portfolio management, and tax-advantaged retirement accounts that aid personal finance management for individuals. Betterment provides diversified investment portfolios, tax-loss harvesting, and financial planning tools to help clients achieve their financial goals. It was founded in 2008 and is based in New York, New York.
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Betterment's Product Videos
ESPs containing Betterment
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The digital financial wellness market consists of fintechs that deliver combinations of financial products, including banking, investing, loans, and P&C insurance, as well as planning tools such as goals-based planning, account aggregation, asset allocation, and budgeting tools. These companies often have B2C and B2B2C distribution models. While digital financial wellness companies may offer compl…
Betterment named as Outperformer among 14 other companies, including SoFi, Monzo, and MoneyLion.
Betterment's Products & Differentiators
Betterment Checking & Saving (Cash Reserve)
Betterment offers a no-fee checking account with no account minimums or opening deposit amounts. The account comes with a free Visa debit card and reimbursed ATM fees worldwide. In addition, a high-yield account allows you to earn 0.30% APY on cash reserves.
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Research containing Betterment
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Betterment in 5 CB Insights research briefs, most recently on Aug 30, 2024.
Aug 30, 2024
The financial planning market map
Expert Collections containing Betterment
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Betterment is included in 10 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Wealth Tech
2,294 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech 100
1,247 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Gig Economy Value Chain
155 items
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Tech IPO Pipeline
825 items
Financial Wellness
245 items
Track startups and capture company information and workflow.
Latest Betterment News
Sep 17, 2024
News Provided By Share This Article AI-Powered Personal Finance Management Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033 You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs” — The Business Research Company LONDON, GREATER LONDON , UNITED KINGDOM, September 17, 2024 / EINPresswire.com / -- The AI-powered personal finance management market has experienced robust growth in recent years, expanding from $1.35 billion in 2023 to $1.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to the widespread use of smartphones and tablets, the rise of fintech companies, the explosion of big data, the transition from traditional banking to digital banking, and the demand for personalized financial advice. What Is The Estimated Market Size Of The Global AI-Powered Personal Finance Management Market And Its Annual Growth Rate? The AI-powered personal finance management market is projected to continue its strong growth, reaching $2.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to economic uncertainty and financial planning, a growing population of tech-savvy consumers, the expansion of mobile and internet connectivity, growing concerns over financial security, and integration with other financial services. Explore Comprehensive Insights Into The Global AI-Powered Personal Finance Management Market With A Detailed Sample Report: The adoption of online banking services is expected to drive the AI-powered personal finance management market going forward. Online banking services refer to digital platforms that allow customers to conduct financial transactions and manage their bank accounts over the internet. The adoption of online banking services is driven by their convenience, accessibility, improved security features, and the growing use of digital devices. AI-powered personal finance management promotes the adoption of online banking services by providing personalized insights, automating routine financial tasks, and improving the user experience with predictive analytics and natural language processing. Explore The Report Store To Make A Direct Purchase Of The Report: Which Market Players Are Driving The AI-Powered Personal Finance Management Market Growth? Key players in the AI-powered personal finance management market include Goldman Sachs Group Inc., BBVA USA, Intuit Inc., Robinhood Markets Inc., Chime Financial Inc., NerdWallet Inc., MoneyLion Inc., Acorns Grow Incorporated, Personal Capital Corporation, Betterment LLC, Koho Financial Inc., Stash Financial Inc., Quicken Inc., Albert Corporation, You Need A Budget LLC, Wealthfront Inc., Toshl Inc., Wally Technologies Inc., PocketGuard Inc., Tiller Inc., Zeta Help Inc., Emma Technologies Ltd., Qapital Inc. What Are The Emerging Trends Shaping The AI-Powered Personal Finance Management Market Size? Major companies operating in the artificial intelligence (AI)-powered personal finance management market are developing new products, such as AI-powered capabilities, to help banks streamline the transaction dispute resolution process more efficiently. AI-powered capabilities refer to the use of artificial intelligence to automate, optimize, and provide personalized insights and recommendations for managing individual financial activities, such as budgeting, saving, investing, and expense tracking. 2) By Service Type: Budgeting And Expense Tracking, Investment Management, Credit Score Monitoring 3) By Platform Type: Mobile Apps, Web-Based Platforms 4) By End-User: Individual Consumers, Financial Institutions Geographical Insights: North America Leading The AI-Powered Personal Finance Management Market North America was the largest region in the AI-powered personal finance management market in 2023. The regions covered in the AI-powered personal finance management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. AI-Powered Personal Finance Management Market Definition AI-powered personal finance management refers to using artificial intelligence to automate and enhance financial planning and decision-making. It includes tools that analyze spending patterns, provide investment recommendations, and offer personalized budgeting advice. These systems use machine learning algorithms to adapt to individual financial behaviors and goals. AI-Powered Personal Finance Management Global Market Report 2024 from TBRC covers the following information: • Market size data for the forecast period: Historical and Future • Macroeconomic factors affecting the market in the short and long run • Analysis of the macro and micro economic factors that have affected the market in the past five years • Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa. • Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. An overview of the global AI-powered personal finance management market report covering trends, opportunities, strategies, and more The AI-Powered Personal Finance Management Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on AI-powered personal finance management market size, AI-powered personal finance management market drivers and trends, AI-powered personal finance management market major players, AI-powered personal finance management competitors' revenues, AI-powered personal finance management market positioning, and AI-powered personal finance management market growth across geographies. The AI-powered personal finance management market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential. Browse Through More Similar Reports By The Business Research Company: AI-Enabled Medical Imaging Solutions Global Market Report 2024
Betterment Frequently Asked Questions (FAQ)
When was Betterment founded?
Betterment was founded in 2010.
Where is Betterment's headquarters?
Betterment's headquarters is located at 8 West 24th Street, New York.
What is Betterment's latest funding round?
Betterment's latest funding round is Series F.
How much did Betterment raise?
Betterment raised a total of $435M.
Who are the investors of Betterment?
Investors of Betterment include Bessemer Venture Partners, Menlo Ventures, Anthemis, Francisco Partners, Globespan Capital Partners and 20 more.
Who are Betterment's competitors?
Competitors of Betterment include Human Interest, AlgoPear, December., Lune, Altruist and 7 more.
What products does Betterment offer?
Betterment's products include Betterment Checking & Saving (Cash Reserve) and 4 more.
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Compare Betterment to Competitors
SigFig focuses on digital wealth management solutions within the financial services industry. The company offers a suite of products that facilitate effortless and compliant account opening, client onboarding, investment management, and financial planning for various financial institutions. SigFig's solutions cater to banks, credit unions, wealth management firms, insurance companies, and individual investors. It was founded in 2006 and is based in San Francisco, California.
Wealthfront is a financial services company that focuses on automated investing and wealth building for individuals. The company offers a range of services including high-yield savings accounts, investment in US Treasury bonds, and diversified portfolio management using automated technology. Wealthfront's products are designed to cater to both seasoned and novice investors, aiming to simplify the investment process and maximize returns over the long term. Wealthfront was formerly known as kaChing. It was founded in 2011 and is based in Palo Alto, California.
ForUsAll offers a platform enabling employers to provide a modern 401(k) plan. The company offers 401(k) plans for startups and small businesses, with features such as payroll integration, the ability to add cryptocurrency to the plan, and automated administration. It caters to the startup sector, small to medium-sized businesses, and blockchain and web3 companies. The company was founded in 2012 and is based in San Francisco, California.
Raisin provides a savings and investment marketplace. It allows users to compare savings products from banks and credit unions. The company also offers various tools to help users find savings products as per their needs. It was formerly known as SaveBetter. The company was founded in 2012 and is based in Berlin, Germany.
Wealthsimple operates in the investment management industry. The company offers a range of services including managed investing, investing, and high-interest savings accounts. These services are designed to help individuals build long-term wealth by maximizing returns and minimizing risk. Wealthsimple was formerly known as Canadian Shareowner Investments. It was founded in 2014 and is based in Toronto, Canada.
Human Interest focuses on providing retirement savings solutions. It offers full-service 401(k) and 403(b) plans, making it easier for small and medium-sized businesses to help their employees save for retirement. Its services primarily cater to the small and medium business sectors. It was formerly known as Captain401. The company was founded in 2015 and is based in San Francisco, California.
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