About Ben
Ben offers a platform that simplifies employee benefits management for businesses. It allows HR departments and employees to access various benefits, such as health and dental, through the Ben Card, which provides preferred rates. The platform operates on a subscription-based SaaS model and stands out by automating benefits administration and providing a user-friendly self-serve interface for employees. Ben's goal is to enhance the benefits experience for both employers and employees while offering cost savings through its broker network.
London, United KingdomHeadquarters
2019Year Founded
$18.9MTotal Funding
SERIES_ACompany Stage
Consulting, Enterprise SoftwareIndustries
201-500Employees
Risks
Increased competition from HRtech startups could dilute Ben's market share.
Economic downturns may lead to reduced spending on employee benefits.
Data privacy concerns and regulations pose challenges for managing sensitive information.
Differentiation
Ben combines SaaS platform with per-employee Mastercards for personalized benefits.
The Ben Card offers access to hundreds of additional benefit options.
Ben's platform integrates with existing HR tools for seamless benefits management.
Upsides
Ben raised $16 million to enhance its software and payments technology.
Increased demand for flexible benefits platforms due to remote work trends.
Growing interest in financial wellness programs as part of employee benefits.
Funding
Total raised$18.94 M
Latest valuation$78.50 M
StageSERIES_A
SERIES A
7/31/2022$17
$78.50 M