Origin raises $12 million

Origin, the financial well-being platform that partners with “innovative employers to keep employees happy, healthy, and on the road to financial success,” has raised $12 million in a funding round led by Felicis Ventures, with participation from General Catalyst, Founders Fund and early Stripe employee Lachy Groom, among others.

We first covered Origin in April 2019. Back then, the San Francisco-based startup was building a centralized place for different insurance needs including auto, renters, and life.

A few months later Origin pivoted to “a financial wellness platform for savings, retirement and Insurance.”

Now, the startup led by Matt Watson, is looking to become the place where employees can track financial milestones, get professional advice from financial planners, and take action by giving companies an easy and affordable way to offer their employees a suite of “best-in-class financial tools” around savings, student loan and debt, estate, insurance, retirement and more.

Employers pay $6 per employee per month and Origin currently has 15 customers with between 250 and 5,000 employees, including NextDoor, Fuze, and Therabody.

Once employees are onboarded, they can manage all of their accounts in one place, see their financial snapshot at a glance and “easily take action” to execute their personalized recommendations.