Betterment

E-commerce platform for branded lifestyle products

New York City, New York, United States

About Betterment

Betterment operates an online retail platform that specializes in selling branded apparel, accessories, and gifts. The company designs and offers a variety of products, including t-shirts, hoodies, onesies, beanies, mugs, and tote bags, all aimed at promoting a positive lifestyle and happiness. Customers can purchase these items directly from Betterment's website, where products are listed at regular and sometimes discounted prices, making them accessible to a wide audience. Unlike many competitors, Betterment focuses on creating a unique brand identity that emphasizes well-being and happiness through its merchandise. The goal of Betterment is to attract a diverse clientele who appreciate lifestyle products that align with their values, ultimately generating revenue through direct sales while fostering a sense of community around the pursuit of happiness.

New York City, New YorkHeadquarters
2010Year Founded
$325.9MTotal Funding
DEBTCompany Stage
Consumer Software, Consumer GoodsIndustries
501-1,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Unlimited Paid Time Off
Wellness Program

Risks

Higher fees in the new Premium plan may deter cost-sensitive customers.
Closure of the Philadelphia office may signal financial or strategic challenges.
Exposure to volatile cryptocurrency markets could lead to potential investor losses.

Differentiation

Betterment offers a unique Tax Loss Harvesting program to offset taxes on gains.
RetireGuide provides personalized financial goal assessments through online surveys.
Betterment's 0.25% management fee is competitive in the robo-advisor market.

Upsides

Betterment's new Bitcoin and Ethereum portfolio taps into the growing crypto market.
The launch of Betterment at Work's 401(k) match boosts appeal to small businesses.
Increased demand for ESG portfolios presents growth opportunities for Betterment.