Decimal, Inc.

Decimal, Inc. is a financial services company specializing in customizable retirement solutions for small businesses, offering various 401(k) plans and compliance support to facilitate employee retirement savings. Decimal, Inc. was founded in 1999 and is headquartered in San Francisco, US.

The company provides customized retirement solutions for small businesses and has successfully raised USD 19. 00 mn in Series D funding. The latest funding round occurred on March 27, 2019. The firm was founded by Chad Parks, who also serves as CEO, and George Soho is another key executive.

Ubiquity specializes in providing customizable retirement solutions tailored for small businesses. Their core offerings include various 401(k) plans, such as traditional 401(k)s, Safe Harbor 401(k)s, and Solo 401(k)s, designed to facilitate retirement savings for both employees and self-employed individuals. These products aim to address the complexities of retirement planning, ensuring compliance with regulatory requirements while offering affordability and customizability. Ubiquity's services include payroll integration, streamlined reporting, and ongoing compliance support, catering primarily to small business owners across diverse sectors including healthcare, legal services, technology, and construction.

The company operates in a broad geographical market that encompasses the United States, offering its services to small businesses regardless of their location within the country. Ubiquity generates revenue through a flat-fee structure for its retirement plan services, providing cost-effective solutions without hidden fees that typically accompany percentage-based asset management models. Clients engage with Ubiquity by subscribing to its various retirement plans, which are designed to facilitate both employee and employer contributions. The company’s flagship offerings include 401(k) plans, which are marketed primarily to small business owners and are structured to benefit both company taxes and employee retirement savings.

Ubiquity’s pricing model emphasizes transparency and predictability, allowing businesses to budget effectively for retirement plan costs while attracting and retaining talent through competitive employee benefits. This transaction structure positions Ubiquity as a valuable partner for small businesses seeking efficient retirement plan solutions. Decimal, Inc. plans to utilize the USD 19.

00 mn raised in Series D funding to enhance its product offerings and expand its market presence. The company is focused on developing new retirement solutions and aims to enter additional geographical markets by 2022, targeting small businesses across various sectors nationwide. The funding will support their initiatives in product development and market penetration.