Abdul Al-Asaad

Abdul Al-Asaad is a co-founder of Basic Capital, a company operating in the financial services sector. Basic Capital the New 401(k). Based in New York, New York, United States, Abdul leads the company's strategic vision and day-to-day operations.

Under Abdul's leadership, Basic Capital recently secured $25M in Series A funding on August 18, 2025, backed by investors including Forerunner Ventures. This funding milestone reflects strong investor confidence in both the founding team's execution capabilities and the company's market opportunity.

With fresh capital, Abdul and the team are focused on scaling operations, expanding the product roadmap, and building out a world-class team. The financial services market continues to see significant investment activity, positioning Basic Capital to capitalize on growing demand.For vendors and partners, this represents an ideal window to engage.