Financial Tech Firm Questis Raises $2M Seed Round

Questis—a Charleston-based financial technology firm that has developed a solution to help employees make sense of their finances—announced a $2 million seed round led by Charleston-based angel investors with additional participation from IOP Capital.

The company will use the funding to grow its team, scale into other major markets across the country, and prepare for their A-Round financing.

Questis provides employers with a robust, convenient, and unbiased financial wellness solution that increases their bottom line by reducing turnover, increasing both employee loyalty and productivity.

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Today’s workers face more financial issues than ever—living paycheck to paycheck, having less money for emergencies, and no retirement savings. Employees need more questions answered and real solutions. Financial advisors can be expensive, inaccessible, biased, and hard to understand.

Backed by a science-based, academic approach to portfolio management and financial planning, the Questis solution combines credentialed financial advisors and next generation software to help employees handle their money. Questis does not sell any products.

More than just managing your employees’ 401(k), Questis guides them along every step of the financial journey—making a budget, banking, creating a globally diversified portfolio, estate planning, asset allocation in their retirement accounts, and more.

Employers also win with Questis easing the burden of their human resource staff while strengthening the finances of their employees.

“Questis is the perfect solution for companies that care about employee engagement, increasing productivity, and equipping employees to retire comfortably. Our software and advisory components have already had great impact on thousands of employees,” said Steve Wilbourne, CEO and Co-Founder of Questis. “It is not just about the employee; it’s also a recruiting tool to help talent hungry employers attract and retain the best in their field.”

“Americans as a whole are living paycheck-to-paycheck and struggling to adequately prepare for retirement. The financial services industry is often unwilling to deal with the majority of Americans in an unbiased and simple way. Questis is reinventing the way companies approach their financial benefits, helping transform yesterday’s pension plans into tomorrow’s financially independent employees,” said Marc Raber, Managing Partner of IOP Capital.

Questis’s clients include Environmental Express, Blue Acorn, South Carolina Ports Authority, SCRA, eGroup, and more.

The company was accepted into SCRA’s SC Launch program earlier this year.

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