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§ Private Profile · Kirkland, WA, USA
SecureSave is a technology company.
SecureSave provides employer-sponsored emergency savings accounts, offering a low-cost workplace service designed to help employees build and maintain financial resilience. The company delivers a purpose-built platform that integrates into employee benefits packages, enabling individuals to accumulate funds specifically for unexpected events. This approach supports improved financial wellness and reduces employee reliance on high-cost loans or premature withdrawals from other savings.
The company was co-founded in 2020 by CEO Devin Miller and CTO Bassam Saliba, emerging as a spinout from Pioneer Square Labs. Their insight stemmed from recognizing the critical need for accessible emergency savings solutions within the workplace, addressing a significant gap in employee financial preparedness programs and overall benefits offerings.
SecureSave primarily serves employers seeking to enhance their benefits package and support their workforce's financial stability. The company's vision centers on becoming the market's leading provider of emergency savings products, consistently delivering solutions that empower employees to navigate unforeseen financial challenges effectively and achieve greater financial security.
SecureSave has raised $11.0M across 1 funding round.
SecureSave has raised $11.0M in total across 1 funding round.
SecureSave has raised $11.0M in total across 1 funding round.
SecureSave's investors include Truist Ventures, Balderton Capital, Karim Faris, MUFG Innovation Partners, Pantera Capital, PS Investments, Randy Komisar, FTX Ventures, Stearns Financial Services.
SecureSave has raised $11.0M across 1 funding round. Most recently, it raised $11.0M Seed in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2022 | $11M Seed | Truist Ventures | Balderton Capital, Karim Faris, MUFG Innovation Partners, Pantera Capital, PS Investments, Randy Komisar, FTX Ventures, Stearns Financial Services | Announced |
SecureSave is a financial technology company that builds an employer-sponsored Emergency Savings Account (ESA) program designed to help employees build and maintain emergency savings automatically. The product serves employers across various sectors, enabling their workforce to save effortlessly through payroll deductions into FDIC-insured accounts accessible via a user-friendly app. SecureSave addresses the widespread problem of financial insecurity among employees by automating savings, offering employer incentives, and providing easy access to funds during emergencies. The company has demonstrated strong growth momentum, with high adoption rates—over half of invited employees participate—and many users saving an average of $400 within four months, reducing reliance on credit and retirement funds[1][6].
SecureSave was founded in 2020 during the economic turmoil caused by the COVID-19 pandemic, a period that exposed the fragility of many Americans' financial situations. The company was co-founded by Devin, an experienced consumer finance executive with prior successful startups, and Bassam, a veteran technology entrepreneur with decades of experience in software ecosystems. Their personal experiences with financial insecurity inspired them to create an easy, automatic emergency savings solution. Early in the process, they connected with Suze Orman, a renowned personal finance expert, who became a co-founder and advocate for the mission. The founders bonded around the vision of making emergency savings accessible and automatic for every employee, launching the first employer-sponsored ESA program purpose-built for this goal[2][4][5].
SecureSave rides the growing trend of financial wellness solutions integrated into employee benefits, addressing the critical market need for emergency savings amid rising economic uncertainty. The timing is crucial as financial stress is the leading cause of workplace distraction and turnover, and traditional retirement savings are often tapped prematurely for emergencies. By automating emergency savings, SecureSave reduces financial stress, improves employee productivity, and supports retention, influencing the broader ecosystem by setting a new standard for workplace financial benefits. The company’s approach aligns with increasing employer focus on holistic employee well-being and the digitization of financial services[1][6][7].
Looking ahead, SecureSave is positioned to expand its footprint as more employers recognize the value of emergency savings programs in enhancing workforce stability and productivity. Trends such as increased employer investment in financial wellness, advances in fintech automation, and heightened employee demand for accessible benefits will shape its growth. The recent acquisition by HSA Bank signals potential integration with broader health and wealth benefits, amplifying its influence. SecureSave’s future likely involves scaling its platform, deepening employer partnerships, and innovating features to further simplify savings and financial security for workers, continuing to transform how employees prepare for financial setbacks[5][7].