# Matchly, the US fintech platform that enables employees to access their 401(k) employer match, raises $1.7m in Pre-Seed Round Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-06-01 Category: BUSINESS Category URL: https://financedigest.com/category/business Meta Title: Matchly Raises $1.7m to Help Employees Access 401(k) Match Meta Description: Discover how Matchly's innovative fintech platform is revolutionising the way employees access and maximise their 401(k) employer match. Sign up now! URL: https://financedigest.com/matchly-the-us-fintech-platform-that-enables-employees-to-access-their-401k-employer-match-raises-1-7m-in-pre-seed-roundhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/matchly-founders-1736815668819-compressed.jpg) **New York, 01 June 2022, 9am CET:** Matchly _,_ the US fintech platform that enables employees to access their 401(k) employer match, today announces it has raised funds of $1.7m to launch its platform, accelerate customer acquisition and make a number of key hires across its team. The oversubscribed round was led by Bling Capital, with participation from Operator Partners, Amara VC, and notable angel investors, including founders and executives from Brex, Gusto, and Shopify, among others.The investment demonstrates the real need to account for the billions of dollars in 401(k) employer match that go unclaimed every year. Matchly was founded in 2021 by Ravi Kurani, a former investor in [fintech companies](https://www.financedigest.com/why-its-essential-banks-start-thinking-like-tech-companies-not-just-fintechs.html "Why it’s essential banks start thinking like tech companies – not just fintechs"), and Ben Avner, an experienced software engineer _._ It addresses a common problem in the US workforce, in which employees [fail to access](https://www.financedigest.com/are-the-over-55s-accessing-their-pensions-early-failing-to-plan-for-later-life.html "Are the over-55s accessing their pensions early failing to plan for later life?") and maximize their 401(k) employer match, often driven by the inability to make necessary contributions to obtain the match, a lack of awareness, or both. The Matchly platform empowers both the workforce and employers, offering an entirely new, enhanced user experience when accessing the 401(k) employer match, as well as [financing to ensure that employees](https://www.financedigest.com/4-reasons-your-finance-employees-are-showing-signs-of-stress.html "4 reasons your finance employees are showing signs of stress") are able to access their full match. Employers using the platform have a competitive edge in attracting and retaining the best talent, and can now compete with larger [companies in the hiring space by offering a simple way for employees](https://www.financedigest.com/why-more-companies-are-asking-new-employees-to-commence-employment-before-christmas.html "Why more companies are asking new employees to commence employment BEFORE Christmas.") to access and maximize their benefits. Ravi Kurani, CEO and co-founder of Matchly, notes that “While the financial industry has seen plenty of innovation over the last decade, personal [finance remains a big](https://www.financedigest.com/finance-is-the-next-big-sector-to-be-ubered.html "Finance is the next big sector to be Uber’ed") challenge. 1 in 3 Americans have no money [saved for retirement](https://www.financedigest.com/student-loans-hurting-workers-ability-to-save-for-retirement.html "STUDENT LOANS HURTING WORKERS’ ABILITY TO SAVE FOR RETIREMENT"), and every year billions of dollars are left on the table because employees don’t contribute to their plans and, consequently, don’t receive 401(k) employer matches. We created Matchly as a [financial health](https://www.financedigest.com/how-can-fintechs-better-engage-zillennials-with-their-financial-health-the-answer-lies-in-speaking-to-them-in-their-own-language.html "How can fintechs better engage Zillennials with their financial health? The answer lies in speaking to them in their own language") company and, ultimately, we want to see more people achieve financial freedom.” “Despite a plethora of new financial products, building a [secure financial](https://www.financedigest.com/wrapping-financial-services-in-a-security-blanket.html "Wrapping Financial Services in a Security Blanket") future remains one of the biggest unsolved problems for millions of Americans. Matchly is addressing this challenge by solving a massive inefficiency that has been [hiding in plain sight](https://www.financedigest.com/hiding-in-plain-sight-finance-as-critical-national-infrastructure.html "Hiding in plain sight – Finance as Critical National Infrastructure"). By [democratizing access](https://www.financedigest.com/meet-chris-shalchi-the-man-democratizing-access-to-e-commerce-expertise.html "Meet Chris Shalchi, The Man Democratizing Access To E-Commerce Expertise") to the 401(k) match, they can provide tremendous value for their customers. We are excited to be backing Ravi and Ben on their journey.” adds Ben Ling, Founding [Partner at Bling Capital](https://www.financedigest.com/sequant-capital-partners-with-hitbtc-to-launch-a-dedicated-service-for-professional-cryptocurrency-traders.html "Sequant Capital partners with HitBTC to launch a dedicated service for professional cryptocurrency traders"). **About Matchly** Matchly allows [employees to access](https://www.financedigest.com/700000-employees-across-the-uk-have-access-to-fair-finance-will-reach-one-million-employees-in-2017.html "700,000 Employees Across The UK Have Access to Fair Finance, Will Reach One Million Employees in 2017") their 401(k) employer match without having to reduce their monthly paycheck, while also aiming to maximize the effect of every benefit dollar spent by employers. Interested employees can sign up for Matchly’s waitlist at www.matchly.us. **Press Contact** Ben Heath – MVPR [ben@mvpr.io](mailto:ben@mvpr.io) **This is a Sponsored Feature** --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---