Public company, workplace, funding, and market signals
Updated Jul 29, 2026
OctaveWealth is a San Francisco-based, SEC-registered retirement-plan platform operated by Quillu Inc. that provides full-service 401(k) administration, fiduciary investment management, payroll integration, and employee retirement education under a flat-fee model [OctaveWealth][SEC CRS][YC]. Public records conflict on the founding year (2012 in incorporation/YC materials vs. 2016 in some directory profiles), so I treat 2012 as the company’s founding/incorporation year and note the later profile date separately. No public GitHub or X account surfaced in web search.
Primary product
Full-service 401(k) / retirement plan administration platform
Founded
2012
Headquarters
San Francisco, California, United States
Team size
1-10
Industry
Financial Services
Sub-industry
401(k) administration and retirement-plan investment advisory
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Offices
Business model
Stage
Seed
Total raised
$120K
Latest round
Seed · Aug 2012
Latest amount
$120K
Aug 2012 · Y Combinator
Leadership
Co-Founder & CEO
VP of Business Development & COO
Co-Founder & Board Member
Investors
Lean, mission-driven team centered on investing and retirement outcomes; public hiring language emphasizes passion for investing, developer strength, and learning new things every day.
Compensation
Public company compensation is not disclosed. In the SEC client relationship summary, financial professionals are described as being paid flat salaries with no variable compensation tied to fees.
Pricing
$200 per month per plan plus $9 per month per eligible employee; no asset-based fees; separate low custody/fund costs disclosed
Differentiators
Technology
Customers
Competitors
Estimated revenue
Conflicting third-party estimates: about $436K (RocketReach) vs. $1M-$10M (Adapt.io)
Estimated monthly visits
1.9K
SEC / AdviserInfo · Mar 2026
Most recent public regulatory summary confirms OctaveWealth’s services: discretionary investment management for 401(k) plans, proprietary software recommendations, and flat fees of $200 per plan plus $9 per employee; it also states financial professionals are paid flat salaries and that the firm reports no disciplinary history [SEC CRS].
OctaveWealth · Aug 2024
Public terms update clarifies California governing law and use restrictions such as no reverse engineering or unauthorized data harvesting [OctaveWealth].
OctaveWealth · Jul 2024
Public privacy policy update lists data-processing vendors and current web stack elements including Google Analytics, PostHog, Cloudflare, Intercom, Google AdSense, and Stripe [OctaveWealth].
OctaveWealth / SEC filing brochure · Mar 2022
The brochure states Quillu Inc. is a Delaware C-corp incorporated in 2012, names Rikin Shah and Dharmesh Malam as principal owners, lists the San Francisco HQ address, and discloses earlier pricing of $150 per plan plus $8 per employee [ADV brochure].
Y Combinator · Mar 2016
YC’s profile piece says OctaveWealth launched from the Spring/Summer 2012 batch and described its product as a transparent full-service 401(k) with no asset-based fees, third-party administration, record keeping, and investment management [YC].