Second Act Financial Services
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.
- Company typePrivate
- Founded2018
- HeadquartersAlexandria, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
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.
Second Act Financial Services firmographics
Firmographics- 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
Second Act Financial Services industry classification
Industry- 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
Where Second Act Financial Services is headquartered
LocationHeadquarters
- HQ city
- Alexandria
- HQ country
- United States
- HQ region
- North America
Markets served
Second Act Financial Services business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Second Act Financial Services product offering
Product offeringCore 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
Companies that use Second Act Financial Services
Customer profileIdeal customer profiles1 record
Second Act Financial Services technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Second Act Financial Services partnerships and signals
Strategic signalRecent moves2 records
Second Act Financial Services competitors and assessment
Company assessmentEmerging 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
Second Act Financial Services social profiles
Digital presenceSecond Act Financial Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Second Act Financial Services leadership team
Management profileNumber of profiles
Profiles1 record
Second Act Financial Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Second Act Financial Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Second Act Financial Services
What does Second Act Financial Services do?
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.
When was Second Act Financial Services founded?
Second Act Financial Services was founded in 2018. It employs 1 to 10 people.
Where is Second Act Financial Services based?
Second Act Financial Services is headquartered in Alexandria, United States, in the North America region.
Who are Second Act Financial Services's main competitors?
Emerging players on record are NewRetirement and WiserAdvisor. Direct peers are Longbridge Financial, American Advisors Group (AAG), Finance of America Reverse, Mutual of Omaha Reverse Mortgage and HighTechLending. Broad incumbents are LendingTree, Bankrate and Charles Schwab.
Does Second Act Financial Services have an API?
No public API is recorded for Second Act Financial Services.
What industry is Second Act Financial Services in?
Second Act Financial Services's product category is Consumer Financial Services. Its primary akta.pro industry code is FSALABAD, Reverse Mortgage Brokers, with a secondary code of FSAEAEAE, Reverse Mortgage Brokerage. Its NAICS code is 522310 and its SIC code is 6163.