Rebalance Capital and Nationwide Ventures co-led a $20m Series A round in Micruity.

Rebalance Capital, a venture capital firm focused on financial technology, and Nationwide Ventures, the corporate venture arm of Nationwide Mutual Insurance, co-led a $20m Series A round in Micruity, a fintech infrastructure company providing retirement paycheck solutions, with participation from JP Morgan Asset Management, Reinsurance Group of America, Guardian Life, Collab Capital, State Street Investment Management, TIAA Ventures, Allianz Life, Prudential Financial, Western & Southern Financial Group, Pacific Life, and SixThirty Ventures. “The retirement system was built for saving, not for generating a paycheck, and that’s the gap we’re closing. Every American saver deserves income they can rely on, and that requires modern infrastructure. This new funding accelerates our work connecting recordkeepers, asset managers, and insurers so retirement paychecks become the default, not the exception,” Trevor Gary, Micruity CEO and co-founder.