Fundr and Alto team up to offer a new way to invest in startups with retirement funds
Accredited investors can now leverage financial technology to self-direct their retirement funds into high-quality startup portfolios and Fundr’s AI-powered platform.
AUSTIN, TX, UNITED STATES, September 21, 2021 /EINPresswire.com/ – Today, Fundr and Alto Solutions, Inc. (Alto) announced a new partnership to facilitate start-up investing through retirement funds for accredited investors. The new partnership allows investors to direct their savings from Individual Retirement Accounts (IRAs) to Fundr’s portfolio of startups.
Through this partnership, investors can link their existing IRAs to Alto’s platform and connect to Fundr’s proprietary platform, which leverages AI to assess startups in its portfolio on 90 data elements such that team, traction, performance, etc. Investors can also open a Alto IRA account, which is a self-directed IRA that gives individuals the freedom to invest in alternative assets like startups using their retirement funds.
“Fundr aims to make investing in high growth startups as easy and fair as possible. We want to give investors more options to invest in the high growth startups that we attract, and this partnership with Alto does just that, ”said Lauren Washington, CEO of Fundr.
Alto puts the investor in control of their retirement account, allowing them to select the investments they want while retaining the same tax advantages as other IRA accounts. As investment management companies report record retirement savings, increased flexibility is key for investors.
“Our goal is to help individuals diversify their portfolios by giving them access to exciting alternative investments, such as startups. This partnership with Fundr gives our clients even more flexibility to direct their retirement funds towards investments beyond traditional retirement options, ”said Tara Fung, Chief Revenue Officer of Alto.
Thanks to this partnership, Fundr is now also accepting IRAs through Alto for its own million dollars to augment, which is hosted on the Fundr platform.
“We elevate on our own platform because we believe in the democratization of investing in startups. This partnership with Alto highlights our common philosophy: investors win when the investment is direct, diversified and democratized, ”said Washington.
Fundr combines the power of AI and portfolio diversification to help investors maximize their return on investment. It uses AI to control startups and remove bias from the investment process so the best companies get funded. Using a proprietary algorithm, it rates companies on 90 pieces of data, streamlines deal closing, and helps investors track and build a strong relationship with their portfolio companies. Fundr recently completed its pilot project, raising funds for each company in its portfolio and is now growing through industry partnerships. Fundr has been featured in TechCrunch, Yahoo Finance, on the Forbes Next 1000 list and more.
Additional information on Fundr is available at https://www.fundr.ai/.
Co-Founder and CEO, Fundr
Alto is a Nashville-based financial technology company that launched its next-generation self-directed IRA platform in 2018 to make it easy for individuals to access and invest in alternative assets using their retirement funds. The first of its kind, Alto’s platform streamlines the process for investors, investment finance portals and investment sponsors. Current Alto investment partners include Bitwise, DiversyFund, Fundr, Masterworks, Republic and Vint, as well as financial advisers, fund sponsors and other direct issuers. Alto is not a registered dealer or investment advisor.
For more information, please visit www.AltoIRA.com or follow Alto on LinkedIn, Twitter and Facebook.
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