Kyndly Benefits
Affordable health benefits platform for small businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | $100k | Seed | |
| Total Funding | 000k | ||
Kyndly Benefits is a technology company specializing in employee health benefits, founded in 2022 by Waleed Bahouth (CEO), Erik Anderson (President), and Susan Olson (CTO). The company, headquartered in Louisville, Kentucky, was previously known as Arrow Health and rebranded to better reflect its mission of making healthcare accessible and affordable.
The firm's core product is an online platform centered around the Individual Coverage Health Reimbursement Arrangement (ICHRA). This model provides a tax-advantaged alternative to traditional group health insurance, allowing employers to offer a fixed, pre-tax contribution that employees can use to purchase their own health insurance plans from the individual marketplace. This approach aims to provide predictable costs for employers and personalized plan choices for employees, with the company reporting average client savings of 27% compared to traditional group plans.
Kyndly targets small to midsize companies and also assists individuals, such as gig economy workers and those losing Medicaid coverage, in navigating the ACA exchange. The company's platform, the Kyndly Choice application, is designed to simplify the process of selecting a plan and accessing federal subsidies. The business operates on a B2B model, functioning as an intermediary in the insurance industry.
Keywords: ICHRA, health benefits, employee benefits, health insurance, benefits administration, insurtech, ACA exchange, individual coverage, HRA, small business health insurance, defined contribution health plans, personalized benefits, healthcare access, benefits platform, Louisville, Waleed Bahouth, Erik Anderson, Susan Olson