Abdul Al-Asaad
Abdul Al-Asaad is the Co-Founder and CEO of Basic Capital, a full-stack retirement platform that enhances retirement savings by embedding financing directly into IRAs and 401(k)s. The idea for Basic Capital was inspired by his early career observations, where he saw that even high-earning finance professionals often struggled to build meaningful retirement portfolios. Since its launch in May 2025, the company has gained significant traction, rapidly signing small-business clients and positioning itself as a category-defining fintech in retirement innovation. Al-Asaad began his career in Goldman Sachs’ leveraged finance group and later attended Harvard Business School, where he was named an Arthur Rock Innovation Fellow.
Abdul Al-Asaad Professional Experience / Academic History
Professional Experience
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Co-Founder and CEO
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Associate
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Researcher
Academic History
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B.A., Economics, Zankel Scholar
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M.B.A., Arthur Rock Fellow
BASIC CAPITAL
Abdul Al-Asaad co-founded Basic Capital, a fintech company transforming retirement savings by embedding leveraged financing into IRA and 401(k) accounts.
Under his leadership, the firm secured $25 million in Series A funding led by Forerunner and Lux Capital, with additional backing from SV Angel, Box Group, Henry Kravis, HOF Capital, and Inspired Capital.
The platform enables participants to pull forward future contributions, accelerating compounding and potentially building retirement wealth more efficiently than traditional plans.
EARLY CAREER
Al-Asaad began his career in Goldman Sachs’ leveraged finance group, where he specialized in high-yield and distressed products, structured credit, and credit derivatives.
He later attended Harvard Business School, where he was named an Arthur Rock Innovation Fellow with a focus on designing innovative financial products.
Earlier in his career, he also served as a Researcher at the Institute for New Economic Thinking, studying credit cycles and financial market fragility.