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Ness

Credit card rewarding healthy purchases

Overview

Ness is a credit card designed to promote healthier living by rewarding users for healthy purchases. Cardmembers earn points on eligible spending and can redeem those points in a wellness marketplace for products and services related to well-being. They also gain access to exclusive perks from well-known healthy brands. In 2022 the card planned to offer early access through a waitlist. The key difference from typical cards is its explicit tie-in to health and wellness, offering a dedicated marketplace and brand perks to support healthier choices. Ness’s goal is to help people get and stay healthy by aligning financial rewards with healthy behavior and providing convenient access to wellness products and experiences.

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About Ness

Simplify's Rating
Why Ness is rated
D
Rated D+ on Competitive Edge
Rated D+ on Growth Potential
Rated D- on Differentiation

Industries

Consumer SoftwareFintechFinancial Services

Company Size

51-200

Company Stage

Seed

Total Funding

$15.5M

Headquarters

New York City, New York

Founded

2020

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Simplify's Take

What believers are saying

  • The 2026 Nesswell page still advertises accelerated redemption on health and medical spend.
  • Flanzraich says Ness raised $50 million, proving investor appetite for the category.
  • Health-first merchant partnerships like Sweetgreen and Seed showed a differentiated consumer proposition.

What critics are saying

  • Ness Card shut down in November 2023, signaling broken product-market fit.
  • CNBC and NerdWallet still describe the program as shutting down, despite a 2026 coming-soon page.
  • Founder Derek Flanzraich now calls Ness a failed venture competing against AmEx, limiting revival odds.

What makes Ness unique

  • Ness built a health-first card tied to wellness rewards and merchant perks.
  • Derek Flanzraich brought Greatist’s consumer-health distribution and brand-building experience.
  • The platform used activity data and wellness marketplace redemptions, not generic cash-back.

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Funding

Total Funding

$15.5M

Above

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$15.5M

Benefits

  • Generous PTO
  • Paid parental leave
  • Medical, dental, & vision
  • Self-care benefits
  • 401(k)
  • Professional development program
  • Semi-annual Nessfest (our version of summits)

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
Forbes
Jun 21st, 2023
Meet Ness, The Company That Rewards You For Being Healthy

The first Ness credit-card allowing members to redeem points with health and wellness merchants and . [+] experts.Ness Card. Feeling good has become a market, one that is estimated to be worth more than $1.5 trillion. With individuals placing more attention to their mental and physical health than ever before, the self-care industry is expanding by the minute. And while new wellness businesses launch as fitness, meditation, or supplements brands, to name a few, Derek Flanzraich decided he would approach health and wellness from a different angle. In March, the founder of Greatist, a successful health media startup that he later sold to Healthline in 2019, officially launched Ness, the first health-focused credit card company

PYMNTS
Mar 22nd, 2023
Ness Card Looks To Reward Consumers For Living Healthy

Credit card firm Ness has debuted an offering designed to reward users for healthy living. The Ness Card, announced Wednesday (March 22), is designed to “incentivize living healthy” by offering consumers rewards and benefits with a number of health and wellness brands, including Sweetgreen, Seed Health, Exhale Spa and Glamsquad. “It’s clear health and wellness is the new lifestyle identity of this generation,” Ness Founder and CEO Derek Flanzraich said in a news release. “With the first Ness Card, we reward and incentivize doing healthy things with more healthy things.”

FinSMEs
May 11th, 2022
Ness Raises $15.5M In Seed Funding

Ness, a New York-based fintech company building credit cards limiting the cost of wellcare, raised $15.5M in Seed funding. The round was led by Will Ventures with participation from Core Innovation Capital, Accomplice, Digitalis, GFC, Portage Ventures, Refactor Capital, RiverPark, and Atypical. The company intends to use the funds to grow the product, team, userbase, and commitment to credit and compliance. [] The post Ness Raises $15.5M in Seed Funding appeared first on FinSMEs.

PR Newswire
May 10th, 2022
Ness Raises $15.5M In Seed Funding To Make Wellcare More Affordable, Launches Rewards App &Amp; Acquires Wellset Practitioner Network

App rewards users with points they can redeem on wellness products, services, experiences, and experts. NEW YORK, May 10, 2022 /PRNewswire/ -- Ness, a fintech company building credit cards to reduce the cost of wellcare, today announced the official launch of its first product, the Ness...

PR Newswire
May 10th, 2022
Ness Raises $15.5M in Seed Funding To Make Wellcare More Affordable, Launches Rewards App & Acquires WellSet Practitioner Network

/PRNewswire/ -- Ness, a fintech company building credit cards to reduce the cost of wellcare, today announced the official launch of its first product, the...

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