Business
Grow Capital, Inc Acquires Second FinTech Company: Public Employee Retirement Assistance
Grow Capital, Inc Acquires Second FinTech Company: Public Employee Retirement Assistance.
About this update from Grow Capital, Inc.
[{"type":"text","content":"\n\n\n\nGrow Capital, Inc Acquires Second FinTech Company: Public Employee Retirement Assistance\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nGrow Capital, Inc Acquires Second FinTech Company: Public Employee Retirement Assistance\nPublic Employee Retirement Assistance utilizes technology to pair public employees with retirement specialists\nPR Newswire\nHENDERSON, Nev., Aug. 11, 2020\n\n\n\nHENDERSON, Nev., Aug. 11, 2020 /PRNewswire/ -- Grow Capital, Inc (OTCPK:GRWCD) (GRWCD) today announced that it has executed a stock exchange agreement to acquire Public Employee Retirement Assistance, LLC (PERA).\n\n \n \n \n \n \n \n\n \nGRWCD will acquire 100 percent of the ownership interests of PERA, a third-party marketing organization that facilitates meetings between state-licensed representatives and public employees who have individual retirement related questions. \nPERA currently works with employees of school districts, colleges, universities, and other public institutions nationwide. Every state licensed representative is appointed with one or more of the institution's approved vendors.\nPERA is headquartered in Nevada and has been the driving force behind connecting retirement professionals and public employees who want help during school and government building closures. \nPERA has over 5,000 trusted advisors in its network to help public employees and has successfully set near half a million appointments for its clients since its inception. \n\"This is the second fintech acquisition for GRWCD as we work our long-term plan,\" said CEO Terry Kennedy. \"PERA has literally kept the public employee sector of financial and retirement planning alive during COVID 19 as everyone is working from home and only taking online meetings. PERA's use of technology has been helping employees achieve their goals of getting retirement ready and kept agents in business. They have proven invaluable to the financial services industry and fit perfectly into our fintech group.\"\nPERA serves major insurance and financial service companies and will expand its client base through this new ow...