About Newcleus
Newcleus is a company based in Newtown Square (United States) founded in 2018 by Bennett Meyer was acquired by Waterfall in August 2021.. Newcleus offers products and services including BOLI, COLI, and Non-Qualified Deferred Compensation. Newcleus operates in a competitive market with competitors including Addepar, Altruist, InvestCloud, sei and Avaloq, among others.
- Headquarter Newtown Square, United States
- Founders Bennett Meyer
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Waterfall
(Aug 03, 2021)
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Products & Services of Newcleus
Newcleus offers a comprehensive portfolio of products and services, including BOLI, COLI, and Non-Qualified Deferred Compensation. 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.
Enhances benefits and non-interest income for banks with tax advantages.
Strengthens corporate financial position through revenue generation.
Offers tax-efficient savings for key employees to improve retention.
Funding Insights of Newcleus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Newcleus
Newcleus has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Waterfall Asset Management. 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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Waterfall Asset Management is focused on asset-backed finance solutions.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Newcleus
| 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 |
Financial Statements - Newcleus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Newcleus Comparisons
Competitors of Newcleus
Newcleus 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 Addepar, Altruist, InvestCloud, sei and Avaloq, 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 |
Wealth management solutions are delivered for investment advisors.
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| domain | founded_year | HQ Location |
Portfolio management software for financial advisors
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| domain | founded_year | HQ Location |
Investment management software is provided for advisors and institutions.
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| domain | founded_year | HQ Location |
Wealth and investment management solutions are offered to institutional investors.
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| domain | founded_year | HQ Location |
Cloud-based solutions for financial institutions are provided by Avaloq.
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| domain | founded_year | HQ Location |
Asset and wealth management software is provided for businesses.
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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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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 Newcleus
Frequently Asked Questions about Newcleus
When was Newcleus founded?
Newcleus was founded in 2018.
Where is Newcleus located?
Newcleus is headquartered in Newtown Square, United States. It is registered at Newtown Square, Pennsylvania, United States.
Who is the current CEO of Newcleus?
Daniel Barbaree is the current CEO of Newcleus.
What does Newcleus do?
Provider of non-qualified compensation and benefit solutions. It offers investment strategies to enhance portfolio performance, talent optimization, and cost savings for companies. Services include administration of various plans such as Bank-Owned Life Insurance (BOLI), Corporate-Owned Life Insurance (COLI), Non-Qualified Deferred Compensation, Insurance Company-Owned Life Insurance (ICOLI), 401(k) plans, and Supplemental Executive Retirement Plans (SERPs). A proprietary client portal streamlines plan management, report access, and result tracking, offering features such as dual-factor authentication and encrypted credentials. The firm also provides technical support and ongoing system maintenance. These solutions aim to maximize returns, minimize costs, and strengthen talent acquisition and retention for clients.
Who are the top competitors of Newcleus?
What products or services does Newcleus offer?
Newcleus offers BOLI, COLI, and Non-Qualified Deferred Compensation.
Who are Newcleus's investors?
Newcleus has 1 investor. Key investors include Waterfall Asset Management.
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