What is Smart?
Smart operates at the intersection of fintech and human resources, providing a robust, cloud-native workplace retirement savings platform known as Keystone. The company serves as a global technology partner for employers, streamlining the complex process of employee enrollment and long-term asset management. By replacing legacy systems with a scalable, API-first architecture, Smart enables financial institutions and corporations to deliver seamless retirement experiences. Its market position is defined by its ability to handle high-volume, multi-currency, and multi-jurisdictional requirements, making it a preferred choice for large-scale enterprise deployments in the evolving digital savings landscape.
How much funding has Smart raised?
Smart has raised a total of $224.4M across 3 funding rounds:
Unspecified
$48M
Other Financing Round
$95M
Debt
$81.4M
Unspecified (2022): $48M with participation from CIBC Innovation Banking
Other Financing Round (2023): $95M led by Aquiline Capital Partners, Barclays, and Chrysalis Investment Advisors
Debt (2025): $81.4M supported by Canadian Imperial Bank of Commerce
Key Investors in Smart
Aquiline Capital Partners
A private investment firm based in New York and London that focuses on businesses across the financial services sector, including fintech, insurance, and investment management.
Barclays
A British multinational universal bank providing a wide range of financial services, with a strong focus on digital innovation and sustainable finance across global markets.
Chrysalis Investment Advisors
An independent investment management firm specializing in fixed and variable-income portfolios, offering tailored financial planning and retirement strategies for institutions and individuals.
What's next for Smart?
With the infusion of this recent capital, Smart is well-positioned to accelerate its international expansion and deepen the functional capabilities of the Keystone platform. The strategic roadmap likely involves enhancing the platform's integration ecosystem, allowing for more fluid connectivity with global payroll providers and asset managers. As the demand for automated, transparent retirement solutions grows, Smart is expected to focus on product innovation, specifically targeting advanced data analytics and personalized investment features for end-users. This growth trajectory suggests a transition toward becoming the foundational operating system for global workplace savings, further distancing the firm from traditional, fragmented retirement service providers.
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