
Ben
The all-in-one platform for any company to personalize benefits and rewards by marrying a modern software (SaaS) platform with per-employee Mastercards and financial infrastructure.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor investor investor investor investor investor | €0.0 | round | |
* | €15.7m | Series A | |
Total Funding | 000k |
USD | 2021 | 2022 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 133 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Ben is a forward-thinking startup revolutionizing the employee benefits landscape. The company offers a comprehensive platform designed to simplify and enhance the management of employee benefits for businesses of all sizes. Ben primarily serves HR departments, benefits providers, and employees, providing them with a seamless and flexible solution to manage and access a wide range of benefits.
Operating in the employee benefits market, Ben addresses a critical need for a streamlined, automated, and user-friendly benefits management system. The platform allows companies to offer a variety of benefits through the Ben Card, which employees can use to access health, life, dental, and income protection benefits at preferred rates. This flexibility ensures that businesses can tailor their benefits offerings to meet the diverse needs of their workforce.
Ben's business model is centered around a SaaS (Software as a Service) platform, which means companies pay a subscription fee to use the service. This model provides a steady revenue stream for Ben while offering clients a cost-effective way to manage their benefits programs. Additionally, Ben generates income through its broker network, securing the best rates for insurance benefits and passing on the savings to its clients.
The platform's key features include automation of benefits administration, self-serve benefits enrollment for employees, and integration with existing HR tools. This automation reduces the time and effort required to manage benefits, allowing HR teams to focus on more strategic tasks. Employees benefit from a user-friendly interface that puts them in control of their benefits choices, leading to higher engagement and satisfaction.
In summary, Ben is transforming the way companies manage employee benefits by providing a flexible, automated, and comprehensive platform. It serves HR departments, benefits providers, and employees, operating in the employee benefits market with a SaaS business model. Ben makes money through subscription fees and its broker network, offering significant cost savings and improved benefits management for its clients.
Keywords: employee benefits, SaaS, automation, HR, Ben Card, insurance, self-serve, broker network, cost savings, engagement.