About Ascensus
Ascensus is a company based in Dresher (United States) founded in 1980 was acquired by Stone Point Capital in April 2021.. Ascensus has completed 34 acquisitions, including 401K Plus, Asperia Retirement Plan Solutions and Avintus. Ascensus offers products and services including Retirement Plans, 529 Plans, and ABLE Accounts. Ascensus operates in a competitive market with competitors including The Tifin Group, Learnvest, Farther, Capitalize and Pocketnest, among others.
- Headquarter Dresher, United States
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Ascensus Global Services India Llp
- Date of Incorporation 09 Dec, 2016
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Aquiline Capital Partners
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
401K Plus
& 33 more
- Acquired by
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Products & Services of Ascensus
Ascensus offers a comprehensive portfolio of products and services, including Retirement Plans, 529 Plans, and ABLE Accounts. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Administrative services for company retirement accounts and savings
Tools for managing education funding accounts
Savings options for disability-related expenses
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Software Development Team
22 people
Sales and Marketing
13 people
Leadership Team
11 people
Finance and Accounting
9 people
Human Resources and Administration
6 people
Legal and Compliance
5 people
Product Management Team
4 people
Operations Team
3 people
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Funding Insights of Ascensus
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2019 | Amount | Private Equity Round - Ascensus | Valuation | Atlas Merchant Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ascensus
Ascensus has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Aquiline Capital Partners, Atlas Merchant Capital and Stone Point Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Atlas Merchant Capital is engaged in global investment strategies.
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Founded Year | Domain | Location | |
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Private equity firm investing in global financial services sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ascensus
Ascensus has strategically engaged in corporate development activities, having acquired 34 companies. Notable acquisitions include 401K Plus, Asperia Retirement Plan Solutions and Avintus. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Retirement planning and education services are provided to clients.
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2016 | ||||
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Employee benefit services are provided by UnifyHR to organizations.
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2013 | ||||
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End-to-end HR services are provided globally by Avintus.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ascensus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascensus Comparisons
Competitors of Ascensus
Ascensus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Tifin Group, Learnvest, Farther, Capitalize and Pocketnest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-enabled financial planning and advisory solutions are provided for individuals.
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| domain | founded_year | HQ Location |
Personal finance management and investment advise
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| domain | founded_year | HQ Location |
App-based financial planning and management platform for individuals
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| domain | founded_year | HQ Location |
Financial planning and advisory platform
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| domain | founded_year | HQ Location |
An app-based platform is provided for individual wealth management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ascensus
Frequently Asked Questions about Ascensus
When was Ascensus founded?
Ascensus was founded in 1980 and raised its 1st funding round 39 years after it was founded.
Where is Ascensus located?
Ascensus is headquartered in Dresher, United States. It is registered at Dresher, Pennsylvania, United States.
What does Ascensus do?
Ascensus was established in 1980 and is based in Dresher, United States, within the financial services sector. Record-keeping, administrative, and program management services are delivered for retirement plans, health savings accounts, and 529 college savings plans. Support is extended to around 50,000 retirement plans, 4 million 529 accounts, and more than 1.5 million IRAs and HSAs, with over 139 billion in assets under administration.
Who are the top competitors of Ascensus?
Ascensus's top competitors include The Tifin Group, Farther and Earned Wealth.
What products or services does Ascensus offer?
Ascensus offers Retirement Plans, 529 Plans, and ABLE Accounts.
How many acquisitions has Ascensus made?
Ascensus has made 34 acquisitions, including 401K Plus, Asperia Retirement Plan Solutions, and Avintus.
Who are Ascensus's investors?
Ascensus has 5 investors. Key investors include Aquiline Capital Partners, Atlas Merchant Capital, Stone Point Capital, Genstar Capital, and GIC.
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