Venture Capital
Human Interest helps small businesses set up 401(k) services. : (Bloomberg) -- Financial technology startup Human Interest Inc. has raised a new funding round at a $1.33 billion valuation as it expands its retirement services. The company’s latest financing brought in $267 million in a combination of equity and debt in a deal led by investment firms Marshall Wace and Baillie Gifford, the startup plans to announce Wednesday. Founded in 2015, Human Interest saw a market opportunity for small businesses to offer 401(k) plans as an employment benefit, said Chief Executive Officer Jeff Schneble.

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