Stax.ai Secures $7M to Revolutionize Workflow Automation for Retirement TPAs
Stax.ai empowers TPAs to increase operational efficiency and enhance the client experience.
Company Name: Stax.ai
Location: Scottsdale, AZ
Industry: Workflow Automation for Retirement Administrators
Funding Details:
Stax.ai raised $7M in funding led by Neotribe Ventures, building on its 2023 seed round led by AZ-VC. The company has raised a total of $11.65M to date.
Purpose of Investment:
The funding will support the next phase of customer growth and product development while enabling the company to continue building its leadership team.
Leadership:
Naru Muraleedharan (CEO)
Product:
Stax.ai provides workflow automation tools tailored for retirement third-party administrators (TPAs). Its Trust Accounting (TA) and Client Experience (CX) products streamline operations, enabling TPAs to enhance their service to plan sponsors. Key features include:
- Automating census data collection and scrubbing.
- Offering a modern white-label client portal.
- Managing sponsor communication.
- Automating trust reconciliation tasks.
About the Company:
Stax.ai empowers TPAs to increase operational efficiency and enhance the client experience. Over 70 TPAs currently use Stax.ai products, supporting more than 120,000 plan sponsors. With its advanced tools, Stax.ai is transforming the retirement administration industry.
