Origin raises $56 million

San Francisco-based employee financial wellness platform Origin has raised $56 million in a Series B funding round led by Dick Costolo and Adam Bain’s 01 Advisors, Lachy Groom, and General Catalyst, along with Founders Fund, Felicis Ventures, and Abstract Ventures.

Founded in 2018, Origin provides a platform for employees to better manage their money. The company offers a single dashboard where people have a snapshot of all their finances, plus unlimited 1-on-1 sessions with Certified Financial Planners and customizable financial literacy workshops to help people reach their immediate and long-term goals.

“This funding will be instrumental in accomplishing our mission to bring financial wellness to every employee, no matter their income or net worth. Since the COVID-19 pandemic began, 63% of employees reported their financial stress has increased, and more than 80% want advice or validation for their financial decisions. This has generated a tremendous demand from innovative and people-centric companies looking for financial wellness benefits for their employees. Our customers know that to build a happy, healthy, and loyal workforce, they need to provide benefits that truly alleviate the most significant burden on their workers’ mental health—finances. ” – Matt Watson, CEO, Co-Founder.