Modern Benefits Leader, Benepass, Secures $20M in Funding
Modern Benefits Leader, Benepass, Secures $20M in Funding
With 100,000+ employees from top companies supported on its benefits platform, Benepass secures additional funding to rapidly scale distribution and accelerate product development
Benepass在其福利平台上爲來自頂級公司的100,000多名員工提供支持，可獲得額外資金，以快速擴大分銷規模並加快產品開發
NEW YORK , Jan. 31, 2024 /PRNewswire/ -- Benepass, a flexible benefits platform for people-first companies, announced today that the company has raised $20 million in additional funding led by Portage and Clocktower Technology Ventures. Stephanie Choo, Partner at Portage has joined the Benepass Board of Directors. Workday Ventures and existing investors Threshold Ventures and Gradient Ventures also participated in the funding round.
紐約，2024年1月31日 /PRNewswire/ — 面向以人爲本的公司的靈活福利平台Benepass今天宣佈，該公司已籌集了由Portage和Clocktower Technology Ventures牽頭的2000萬美元額外融資。Portage合夥人Stephanie Choo已加入Benepass董事會。Workday Ventures和現有投資者Threshold Ventures和Gradient Ventures也參與了本輪融
The fundraise comes at a time when many large companies are looking to consolidate their benefits to control costs. Companies have accumulated diverse and costly point solution benefit vendors over the years, often underutilized by employees. This is no longer tenable in today's macroeconomic climate, so companies are analyzing and streamlining these offerings, aiming to cut down on vendors while maintaining employee satisfaction and engagement. This has fueled interest and excitement about flexible benefit platforms like Benepass.
此次籌款是在許多大公司希望整合收益以控制成本的時候進行的。多年來，各公司積累了多樣且昂貴的單點解決方案福利供應商，但這些福利往往未被員工充分利用。在當今的宏觀經濟環境下，這已不再站得住腳，因此各公司正在分析和簡化這些產品，旨在減少供應商，同時保持員工滿意度和參與度。這激發了人們對Benepass等靈活福利平台的興趣和興奮。
"Portage invests in entrepreneurs who are reshaping financial services. We expect to see more consolidation of point solutions in the benefits space and believe that Benepass is at the forefront of this growing trend," said Stephanie Choo, Partner at Portage. "Our investment into Benepass will help to scale their mission to help companies distribute meaningful benefits that support the personal and professional well-being of their team."
“Portage投資於正在重塑金融服務的企業家。Portage合夥人Stephanie Choo表示，我們預計將在福利領域看到更多的單點解決方案整合，並相信Benepass處於這一增長趨勢的最前沿。“我們對Benepass的投資將有助於擴大他們的使命，幫助公司分配有意義的福利，以支持其團隊的個人和職業福祉。”
The additional capital will be used to fuel growth by expanding distribution and technical partnerships with brokers, payroll, and HRIS providers. It will also fuel the building of new features for administrators and employees, including cash back on benefits and enhancing the user experience of the platform to help employees better understand and use their benefits. Benepass will also use the funds to leverage generative AI to produce insights into employee benefits behavior that will help enterprise customers better support their employees, understand benefits usage, and optimize benefit costs.
額外的資金將用於通過擴大與經紀商、薪資和人力資源信息系統提供商的分銷和技術合作夥伴關係來推動增長。它還將推動管理員和員工新功能的構建，包括福利現金返還和增強該平台的用戶體驗，以幫助員工更好地了解和使用他們的福利。Benepass還將使用這筆資金利用生成式人工智能來深入了解員工福利行爲，這將幫助企業客戶更好地支持員工，了解福利使用情況並優化福利成本。
"Benepass is helping shift the approach around how companies take care of their employees, and we're excited to partner with them on their next stage of growth," said Barbry McGann, SVP and Managing Director, Workday Ventures. "We invest in companies that are shaping the next generation of enterprise technology and believe that is reflected in Benepass's mission to unlock personalization and global equity in benefits through its proprietary fintech stack and commitment to the user experience."
Workday Ventures高級副總裁兼董事總經理Barbry McGann表示：“Benepass正在幫助改變公司照顧員工的方式，我們很高興與他們合作進入下一個增長階段。”“我們投資於塑造下一代企業技術的公司，並相信這反映在Benepass的使命中，即通過其專有的金融科技堆棧和對用戶體驗的承諾來解鎖個性化和全球權益。”
About the Benepass Platform:
關於 Benepass 平台：
With an easy-to-use and highly customizable platform, Benepass provides People teams at leading organizations with an easy way to implement, administer, and track the modern benefits that their unique workforce is looking for. An employer using Benepass can consolidate their pre-tax benefits (e.g., FSA, Commuter, HSA) and personalized benefits (e.g., Lifestyle Spending Accounts) into one benefits system. Employees can then use one card to spend their benefit dollars at vendors and merchants within their company's policy that fit their unique wants and needs. By offering flexible and personalized pre-tax and post-tax benefits at scale, companies see employee engagement rates of over 85% and improve employee retention and satisfaction.
憑藉易於使用且高度可定製的平台，Benepass 爲領先組織的人員團隊提供了一種實施、管理和跟蹤其獨特員工隊伍正在尋找的現代福利的簡便方法。使用Benepass的僱主可以將其稅前福利（例如FSA、通勤者、HSA）和個性化福利（例如生活支出賬戶）合併到一個福利體系中。然後，員工可以在公司政策範圍內使用一張卡在符合其獨特需求的供應商和商家處使用福利金。通過大規模提供靈活和個性化的稅前和稅後福利，企業的員工參與率超過85％，並提高員工留存率和滿意度。
"The Benepass team is a group of ambitious, technically minded folks," said Charles Kramer, Talent Operations Lead of North and South America at On. "Through a people-first lens, they are able to balance building impactful and delightful benefits with the technical and programmatic complications of benefits design and systems integration. This has allowed for an effective and fun partnership that ultimately resulted in the smooth launch of multiple new benefits in 2024 that have already received extremely positive feedback from many of On's U.S. based team members. Benepass consistently demonstrates a level of support, commitment to client, and technical expertise that has exceeded our expectations."
On北美和南美人才運營主管查爾斯·克萊默說：“Benepass團隊是一群雄心勃勃、具有技術頭腦的人。”“通過以人爲本的視角，他們能夠在創造有影響力和令人愉悅的福利與福利設計和系統集成的技術和程序複雜性之間取得平衡。這促成了有效而有趣的合作伙伴關係，最終促成了多項新福利在2024年順利推出，這些福利已經得到了On在美國的許多團隊成員的非常積極的反饋。Benepass始終表現出超出我們預期的支持水平、對客戶的承諾和技術專業知識。”
"The industry is seeing a rapid consolidation of the tools that companies use to administer benefits," said Jaclyn Chen, CEO of Benepass. "With a wall-to-wall activation rate that is four to five times the rate of traditional benefits solutions, Benepass has built the right platform to capitalize on this consolidation trend. We will use this latest funding to expand our customer base by scaling distribution as well as introduce innovative new features that meet the needs of both administrators and employees."
Benepass首席執行官Jaclyn Chen表示：“該行業正在迅速整合公司用於管理福利的工具。”“Benepass的全面激活率是傳統福利解決方案的四到五倍，因此建立了正確的平台來利用這種整合趨勢。我們將利用這筆最新資金通過擴大分銷範圍來擴大我們的客戶群，並推出滿足管理員和員工需求的創新新功能。”
About Benepass:
關於 Benepass：
Benepass's mission is to reimagine how companies take care of their people. Through deep investments into our financial technology infrastructure, we have made it easy for employers to offer global benefits that are personalized to each and every employee. We have also simplified the pre-tax experience by giving employees one card to use on pre-tax and post-tax benefits. Our flexible benefits platform gives employees more choice, leading to engagement rates of over 85% and a stronger employer brand. Benepass was founded in 2019 by Jaclyn Chen, Kabir Soorya, and Mark Fischer. Additional information about the company can be found at .
Benepass的使命是重新構想公司如何照顧員工。通過對金融技術基礎設施的深入投資，我們使僱主能夠輕鬆地爲每位員工提供個性化的全球福利。我們還簡化了稅前體驗，爲員工提供了一張用於稅前和稅後福利的卡。我們靈活的福利平台爲員工提供了更多選擇，使參與率超過85％，僱主品牌也更強大。Benepass 由 Jaclyn Chen、Kabir Soorya 和 Mark Fischer 於 2019 年創立。有關該公司的更多信息，請訪問。
Press Contact:
Rob Marwanga
[email protected]
新聞聯繫人：
Rob Marwanga
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SOURCE Benepass
來源 Benepass
譯文內容由第三人軟體翻譯。