Rocket Dollar, Inc.

Rocket Dollar, Inc. is a financial technology company that enables self-directed retirement accounts, empowering individuals to diversify their investments beyond traditional assets, such as stocks and bonds. Founded in 2018, Rocket Dollar, Inc. is headquartered in Austin, US.

The company specializes in self-directed retirement accounts, allowing self-employed individuals and investors to control their investment strategies. The founding team includes CFP® Henry Yoshida, Rick Dude, and Thomas Young. In August 2021, Rocket Dollar raised USD 8. 05 mn in Series A funding led by Park West Asset Management, among others, bringing the total amount raised to USD 8.

05 mn. The company has completed 5 deals since its inception, with the most recent deal occurring on August 3, 2021. Rocket Dollar, Inc. specializes in self-directed retirement accounts, including Self-Directed IRAs and Solo 401(k) plans, catering to self-employed individuals and investors seeking portfolio diversification with alternative assets.

Customers can invest in real estate, cryptocurrency, private equity, and startups, enhancing flexibility and control in retirement planning. The company offers educational resources to help clients navigate the complexities of alternative investing and IRS regulations, facilitating online account management and quick investment opportunities for clients throughout the United States. Rocket Dollar generates revenue from account setup and annual maintenance fees tied to their self-directed retirement accounts. Clients fund their accounts using after-tax dollars, allowing investment in various alternative assets.

For example, clients may establish a Self-Directed IRA and transfer or rollover funds from traditional retirement accounts. Once funded, clients can invest directly, with fees based on their chosen account type and investment transactions, catering to both individual investors and small business owners. In August 2021, Rocket Dollar, Inc. raised USD 8.

05 mn in funding to accelerate product development, enhance customer experience, bolster cybersecurity, and expand investment education and content. The company plans to introduce new products to its offerings and expand into new geographic markets, although specific regions or dates have not been detailed. The recent funding will support these initiatives to improve user experience and educational resources for its clients.