Technology

Pontera Raises $60 Million to Help US Workers Retire Better

Published

3 years ago

December 7, 2023

ICONIQ Growth backs fintech’s efforts to expand access to comprehensive wealth management services for 401(k) participants

NEW YORK, Dec. 7, 2023 /PRNewswire/ — Pontera, the fintech company enabling 401(k) participants to receive comprehensive wealth management services by personal financial advisors, has secured $60 million in a funding round led by ICONIQ Growth. This investment raises Pontera’s total funding to $160 million, reinforcing its commitment to address the widespread neglect of workplace retirement accounts held by 85 million Americans—a critical element of the U.S. retirement crisis.

Pontera welcomed ICONIQ Growth as a new investor in an up round with additional participation from prior investors.

After more than quadrupling revenue since its last fundraise announced in February 2022, Pontera welcomed ICONIQ Growth as a new investor in an up round with additional participation from prior investors Blumberg Capital, Collaborative Fund, Hanaco Ventures, Lightspeed Venture Partners and The Founders Kitchen.

“We are proud to support the Pontera team as they empower advisors to help their clients feel more financially secure and retire with greater wealth,” said Yoonkee Sull, General Partner at ICONIQ Growth. “Pontera is addressing a growing market need with a solution that benefits the entire retirement ecosystem through a proven approach for financial advisors to compliantly and more effectively manage workplace retirement assets.”

Thousands of financial advisors are now leveraging Pontera’s platform to overcome operational hurdles to securely and compliantly manage 401(k), 403(b) and other retirement plan assets as a critical part of their clients’ wealth.

Jeremy Abfalter, an Arizona resident, describes his challenges before his financial advisor at Ironwood Wealth Management invited him to the Pontera platform: “I would sign up for a 401(k) through my company… I just didn’t feel as comfortable trying to pick [plan] options by myself without having any knowledge or experience in doing it.”

Now receiving professional help by his advisor, facilitated via Pontera, he reports: “Having the peace of mind knowing that there are experts at Ironwood who are managing our 401(k) makes it a lot easier for me and stress free.”

Studies have consistently shown that the majority of 401(k) plan participants desire more comprehensive assistance with retirement planning, and that a professionally-managed portfolio can generate up to 4% additional annual net returns. However, as over one third of workers seek professional help, financial advisors have historically struggled to manage the entirety of clients’ retirement assets.

The operational challenges begin with the workplace retirement account’s location; as plans are selected by employers, it is often the case that a financial advisor has no affiliation with the financial institution holding their client’s 401(k). To manage these outside assets, financial advisors have for years logged into accounts using their client’s credentials—a practice that requires substantial investments in cybersecurity and compliance. Alternatively, advisors have provided rebalancing guidance to clients, assuming the risks of lacking full plan information and implementation oversight.

Pontera alleviates these challenges through its client-permissioned platform, which empowers advisors to analyze, rebalance and monitor 401(k), 403(b) and other held-away accounts across hundreds of financial institutions in a single, unified view. The platform is SOC 2 Type II and ISO 27001 certified and integrates with leading portfolio management software to provide clients with a 360° view of their finances. Clients benefit from enhanced transparency, peace of mind and retirement outcomes.

“It’s one of those rare moments in time where if you implement a new capability everyone wins, from the client to the advisor,” said Shirl Penney, President and CEO of Dynasty Financial Partners, a leading provider of wealth management and technology platforms to over 300 financial advisors. Penney recently announced that Dynasty is on track to oversee $100 billion in client assets by July 2024.

As the future of social security is uncertain, the U.S. government is working to expand and preserve the 401(k), as indicated by the SECURE 2.0 Act and the proposed Retirement Security Rule. The latter targets $779 billion lost by plan participants during inadequate account rollovers. Earlier this year, Pontera evidenced its solution helps advisors and their clients keep assets in 401(k) plans and minimize suboptimal rollovers.

“This funding is not just an investment in Pontera; it’s an investment in the future of every U.S. worker striving for a secure and fulfilling retirement,” said Yoav Zurel, CEO of Pontera. “We are proud to partner with investors who recognize the nation’s looming retirement crisis and Pontera’s role in helping everyday families.”

Pontera’s collaboration with Dynasty represents a significant achievement in the company’s journey since the last funding round; other notable new relationships include Benjamin Edwards, OneDigital, Savant and Wealthspire. In that time, Pontera has also launched new platform integrations with wealth management platforms Addepar, Envestnet and Morningstar.

To learn more about Pontera, visit pontera.com.

About Pontera

Pontera is a fintech company on a mission to help millions of Americans retire better by enabling financial advisors to analyze, rebalance, and report on workplace retirement account assets, including 401(k)s, 403(b)s and more. The platform is designed to work across the vast majority of retirement plans and seamlessly integrate with existing portfolio management tools to help advisors improve their clients’ financial outcomes. Founded in 2012, Pontera is headquartered in New York City. Learn more at pontera.com.

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SOURCE Pontera

Technology

Hexaware Expands Presence in Gujarat with New Delivery Center at GIFT City

Published

59 minutes ago

June 13, 2026

MUMBAI, India, LONDON and ISELIN, N.J., June 13, 2026 /PRNewswire/ — Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today opened a new delivery center at Gujarat International Finance Tec-City (GIFT City), India’s premier international financial services hub. The center, inaugurated by Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat, will serve Hexaware’s global banking, financial services, and insurance (BFSI) clients across digital solutions, artificial intelligence (AI), cloud transformation, data engineering, and next-gen software services.

Hexaware’s established presence in Ahmedabad and Gujarat provides the foundation for this investment. With the GIFT City center, the company is building a technology and innovation hub that serves financial institutions across global markets. The company aims to create approximately 1,000 high-skilled jobs over the next three years, covering software engineering, digital transformation, AI, cloud, data analytics, business operations, and customer experience services.

“The establishment of Hexaware’s delivery center at GIFT City is a strong endorsement of Gujarat’s position as a globally competitive destination for financial services and technology. This is the kind of high-value investment the state has been building toward, and we are pleased to welcome Hexaware to this ecosystem,” said Chief Minister Bhupendra Patel.

“GIFT City represents a unique convergence of financial services, technology, and innovation. Our expansion into GIFT City aligns with our strategy of being closer to our customers while leveraging India’s exceptional talent ecosystem. We’re excited to contribute to the growth of Gujarat’s technology landscape and create meaningful career opportunities for skilled professionals,” said R. Srikrishna, CEO & Executive Director, Hexaware.

“GIFT City presents a compelling proposition for a company of Hexaware’s focus and scale. The financial services landscape, the quality of talent, and the policy framework the state government has put in place made this a clear decision for us,” said Vikash Kumar Jain, Chief Financial Officer, Hexaware.

The GIFT City center adds to Hexaware’s growing delivery footprint in India, supporting the company’s work with BFSI clients across global markets.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

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Technology

Innoscience Secures Final Victory in Patent Lawsuit as China’s Supreme Court Upholds Injunction Against Infineon GaN Products

Published

2 hours ago

June 13, 2026

SUZHOU, China, June 13, 2026 /PRNewswire/ — In a landmark decision for the global semiconductor industry, the Supreme People’s Court of China has officially issued a final review decision sustaining a sales injunction against Infineon Technologies. The ruling means that effective immediately, Infineon is prohibited from selling its relevant Gallium Nitride (GaN) products within mainland China, marking a decisive and final victory for Innoscience in this high-stakes patent infringement dispute.

The Supreme Court’s ruling bolsters a prior judgment delivered on May 27, 2026, by the Suzhou Intermediate People’s Court. In that initial ruling, the Suzhou court found that Infineon had infringed upon two of Innoscience’s core invention patents related to GaN technology. The court ordered Infineon to immediately cease all infringing activities—including the sale, offer for sale, and importation of the contested products—and awarded Innoscience 10 million RMB (approx. $1.38 million USD) in damages, effective immediately.

With today’s final review decision, the Supreme People’s Court has explicitly upheld the lower court’s injunction, bringing a definitive conclusion to the patent battle between the two power semiconductor giants.

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SOURCE InnoScience

Technology

RadiantVibe Capital Consortium Completes Rollout of Integrated Learning Resource Platform

Published

2 hours ago

June 13, 2026

RadiantVibe Capital Consortium has completed the rollout of its Integrated Learning Resource Platform, bringing educational materials, expert knowledge archives, and structured learning pathways into a unified digital environment. The initiative is designed to improve knowledge accessibility, streamline resource discovery, and support continuous learning across its global community.

NEW YORK, June 13, 2026 /PRNewswire-PRWeb/ — RadiantVibe Capital Consortium today announced the completion of its Integrated Learning Resource Platform, a major digital initiative designed to unify educational resources, improve content accessibility, and create a more connected learning experience for participants across its global community.

The newly deployed platform brings together a wide range of educational materials into a centralized environment, allowing learners to access resources more efficiently while supporting continuous professional and personal development.

The rollout marks another step in the organization’s broader effort to strengthen its digital learning infrastructure under the guidance of Ambrose Wetherby. By consolidating previously distributed materials into a single platform, RadiantVibe Capital Consortium aims to simplify knowledge discovery and encourage deeper engagement with educational content.

“At its core, education is about access, organization, and application,” said Ambrose Wetherby. “As our learning community continues to grow, it becomes increasingly important to provide an environment where knowledge can be easily found, explored, and connected. The Integrated Learning Resource Platform was designed with that objective in mind.”

The platform introduces several new features intended to improve the overall learning experience.

One of the key additions is a Unified Resource Center, which serves as a centralized repository for educational materials. Participants can now access learning guides, expert presentations, recorded seminars, case studies, research summaries, and event materials through a single interface. This eliminates the need to navigate multiple systems and provides a more streamlined user experience.

Another major enhancement is the introduction of a Smart Resource Classification Framework. Content is now organized through topic categories, thematic collections, and searchable tags, enabling learners to quickly locate materials relevant to their interests and development goals. Whether reviewing foundational concepts or exploring advanced topics, users can navigate the platform more efficiently.

The Integrated Learning Resource Platform also includes a new Learning Pathway Recommendation Module. Rather than presenting resources as isolated materials, the system organizes content into structured learning pathways focused on areas such as leadership development, critical thinking, communication effectiveness, project management, and organizational decision-making. These pathways are designed to help participants build knowledge progressively while maintaining flexibility in their learning journey.

In addition, RadiantVibe Capital Consortium has established an Expert Knowledge Archive, a dedicated section that houses recorded educational sessions, keynote presentations, panel discussions, and specialist insights. By preserving and organizing these resources, the organization seeks to ensure that valuable knowledge remains accessible long after live events have concluded.

A further innovation is the platform’s Cross-Resource Connectivity System, which links related materials across multiple formats. For example, a learner exploring a case study may also be directed to relevant expert discussions, supporting reference materials, and supplementary learning guides. This interconnected structure encourages deeper exploration and helps learners develop a broader understanding of complex subjects.

According to the organization, the project was developed in response to increasing demand for more accessible and better-organized educational resources. Feedback from participants consistently highlighted the importance of having a centralized location where learning materials could be easily discovered, revisited, and connected.

The completion of the rollout follows several recent digital enhancement initiatives undertaken by RadiantVibe Capital Consortium, including improvements to operational infrastructure, navigation systems, and information access tools. Together, these developments form part of a long-term strategy focused on creating a more integrated and user-centered learning environment.

Looking ahead, the organization plans to continue expanding the platform’s capabilities through additional resource collections, enhanced search functionality, and new collaborative learning features. Future development efforts will remain focused on improving accessibility, supporting lifelong learning, and strengthening engagement across the global learning community.

“Knowledge becomes more valuable when it is accessible, organized, and connected,” Wetherby added. “This platform represents an important foundation for future growth and reflects our commitment to building educational environments that empower individuals to learn, adapt, and develop throughout their careers.”

About RadiantVibe Capital Consortium

RadiantVibe Capital Consortium is an education-focused organization dedicated to advancing knowledge development through structured learning programs, professional growth initiatives, and digital learning resources. Through continuous innovation and a commitment to educational excellence, the organization supports individuals seeking to expand their skills, broaden their perspectives, and thrive in an increasingly dynamic world.

Media Contact

Caroline Stewart, RadiantVibe Capital Consortium, 1 915-543-3345, service@radiantvibe.com

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SOURCE RadiantVibe Capital Consortium