SecureSave Market Research Report
Company Overview
Name
SecureSave
Mission of the Company
SecureSave helps people save for emergencies and ensures they are prepared for life’s unexpected events by partnering with employers to easily add emergency savings accounts (ESAs) to their benefits program, thus aiding employees in building towards a healthy financial future.
Founded and by Whom
SecureSave was established as a reaction to the economic catastrophe that resulted from the Covid-19 pandemic in early 2020. Key founding members include:
- Suze Orman: Co-Founder and Chief Strategy Officer
- Devin Miller: Co-Founder and CEO
- Bassam Saliba: Co-Founder and CTO
Key People
- Suze Orman: Co-Founder, personal finance expert, and public figure.
- Devin Miller: Co-Founder and CEO, experienced executive in consumer finance and workplace savings.
- Bassam Saliba: Co-Founder and CTO, an experienced entrepreneur and technology executive with expertise in large-scale software ecosystems.
Headquarters
218 Main St, #440, Kirkland, WA 98033
Number of Employees
No information is available.
Revenue of the Company
No information is available.
Known For
SecureSave is known for being the leading workplace emergency savings program that enhances financial security for employees, helps in recruitment and retention, reduces reliance on 401(k) loans and withdrawals, and limits financial stress.
Products
What Products do They Offer
SecureSave offers a primary product:
- Employer-sponsored Emergency Savings Accounts (ESAs)
Product Description
SecureSave’s ESA is a financial wellness product tailored for deployment by employers to their employees, aimed at improving financial security and reducing financial stress by providing an easy-to-use savings platform.
Key Features
- Easy Anytime Implementation: No training, enrollment process, or paperwork required. Employers can deploy the solution in as little as two weeks.
- Low Cost & High Impact: Features like 3-click signup and paycheck autosave drive high employee adoption across all income levels.
- Improves Financial Wellness: Encourages employees to build savings, reducing reliance on 401(k) funds, payday loans, and credit cards in emergencies.
- Automated Setup: Easy maintenance with automated setup through employer payroll systems.
- Mobile App: Web, Android, and iOS apps for employee convenience.
- Employer Matches and Bonuses: Employers provide payroll matches, sign-up bonuses, and milestone bonuses.
- 24/7 Access: Funds are accessible to employees at any time for emergencies.
- Reporting and Analytics: Employers get advanced reporting on employee signup statistics, withdrawal reasons, and more.
Recent Developments
Recent Developments in the Company
- Funding: SecureSave announced a recent $11 million round of funding led by Truist Ventures with participation from Stearns Financial Services Inc. and FTX.
- Partnership with Starbuck: Starbucks began offering SecureSave's emergency savings option to its workers.
New Products Launched
No specific new products have been mentioned.
New Features Added to Existing Products
- Enhanced mobile and web applications to facilitate easier savings and fund access.
- Advanced reporting tools for employer insights.
New Partnerships
- Truist Ventures: Participated in a $11 million funding round.
- Stearns Financial Services Inc.: Participated in the recent funding round.
- FTX: Participated in the recent funding round.
- Starbucks: Partnership to offer emergency savings options to its employees.
- TransAmerica and Millennium Trust: Added SecureSave to their suite of benefits options for employer clients.
Additional Information
- Company Philosophy: SecureSave was founded on the belief that financial security should be an easy and attainable practice. Their mission is to provide a strong foundation for financial wellness through emergency savings.
- Founders' Backgrounds: The founding team has extensive experience in technology and financial services, driven by personal understanding of financial unpreparedness.
For press inquiries, contact [press@securesave.com](mailto:press@securesave.com)
Address: 218 Main St, #440, Kirkland, WA 98033
Phone: 206-666-4900
Email: [info@securesave.com](mailto:info@securesave.com)