Second Act Financial Services

What Second Act Financial Services does

Second Act Financial Services is a private, for-profit FinTech company headquartered in Alexandria, Virginia, founded in 2018. Per its self-described positioning, the company focuses on serving consumers "with a little experience in life," suggesting a target demographic of older or second-career/retirement-stage consumers, though the precise product scope (e.g., wealth management, retirement income, lending, or financial planning) is not specified in the available data.

The company's website (secondact.com) returned only a verification/placeholder page ("One moment, please...") and yielded no substantive information about products, pricing, technology stack, customers, partnerships, headcount, or funding. As a result, the underlying product catalog, platform architecture, technology integrations, and AI/ML capabilities are not determinable from the inputs. The company operates as an unlisted, privately held entity with no disclosed subsidiaries, parent company, or investor roster.

Elias Papasavvas is identified as Chief Executive Officer and President. Beyond this single leadership role, no additional management, board, or advisory information was available. There is no disclosed revenue, ARR, GMV, customer count, pricing model, distribution channel, regulatory or licensing footprint, or operating geography beyond the Alexandria, VA headquarters. Given the empty value-proposition, pricing, distribution, and product arrays, any further characterization of the business model is not supportable from the input.

Name

Second Act Financial Services

Website

https://secondact.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Second Act Financial Services is a private FinTech company, founded in 2018 and headquartered in Alexandria, Virginia, that targets older consumers ("with a little experience in life"). Specific products, pricing, customers, and technology are not publicly disclosed in available sources.

Ownership category

akta.pro rank

Product category

Consumer Financial Services

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Activities Related to Credit Intermediation (5223)

SIC

Loan Brokers (6163)

akta.pro primary industry

Reverse Mortgage Brokers (FSALABAD)

akta.pro secondary industries

Reverse Mortgage Brokerage (FSAEAEAE), Lead Generation, Comparison & Marketplace Platforms (Financial Products) (FSAEAMAM)

Keywords

• Consumer fintech
• Personal finance services
• Financial advisory
• Retirement planning
• Wealth management

Headquarters

HQ city

Alexandria

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Core offering

Second Act Financial Services is a FinTech firm that provides financial services targeting consumers with substantial life experience (such as older adults, retirees, or pre-retirees). The company aims to serve and delight this consumer segment through its financial service offerings, leveraging technology to deliver its solutions.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Emerging players

• NewRetirement: Retirement planning platform serving consumers approaching or in retirement with calculators, education, and advisor connections. Comparable as an emerging player addressing the same 'second act' / pre-retiree and retiree demographic with a financial-services funnel.
• WiserAdvisor: Lead-generation and matching platform connecting consumers (including retirees) with financial advisors. Comparable as a niche lead-generation/marketplace in the senior financial services space.

Direct peers

• Longbridge Financial: Reverse mortgage lender offering HECM and proprietary products to senior homeowners. A direct peer in product, customer segment (62+ homeowners), and distribution model.
• American Advisors Group (AAG): One of the largest US reverse mortgage lenders/brokers, focused on HECM products for homeowners aged 62+. Directly comparable to Second Act's likely senior-focused, reverse-mortgage-adjacent positioning and target customer.
• Finance of America Reverse: Major reverse mortgage lender serving senior homeowners with HECM and proprietary reverse products. Comparable as a primary competitor for any specialty reverse mortgage broker.
• Mutual of Omaha Reverse Mortgage: Insurance company-owned reverse mortgage program targeting senior homeowners. Comparable in product focus and customer demographic.
• HighTechLending: Reverse mortgage and senior lending specialist operating as both a direct lender and broker. Comparable as a similarly sized specialty broker/lender in the reverse mortgage space.

Broad incumbents

• LendingTree: Large online lending marketplace that aggregates consumer loan demand across multiple credit products. Comparable as a broad incumbent that could compete for reverse mortgage / senior consumer demand via its lead-generation platform.
• Bankrate: Financial comparison and lead-generation platform covering mortgages, retirement, and senior financial products. Comparable as a broad incumbent with content and lead-gen reach into the same target demographic.
• Charles Schwab: Large retail wealth and brokerage franchise with extensive products for retirees and pre-retirees. Comparable as a broad incumbent serving the same end-customer demographic across retirement, income, and home-equity-adjacent products.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat1 record

Key risks5 records

Key highlights4 records

Customer concentration

• Xx.com/SecondActFS

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Second Act Financial Services