Ben

Ben

SaaS platform for managing employee benefits

About Ben

Simplify's Rating
Why Ben is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Enterprise Software

Company Size

201-500

Company Stage

Series A

Total Funding

$18.9M

Headquarters

London, United Kingdom

Founded

2019

Overview

Company Does Not Provide H1B Sponsorship

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 and flexibility. 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 management of employee benefits, leading to greater engagement and satisfaction.

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Ben unique

  • 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.

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Funding

Total Funding

$18.9M

Meets

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$17.3M
Ben
$100M
GitHub

Benefits

Health Insurance

Life Insurance

Unlimited Paid Time Off

Paid Vacation

Remote Work Options

Parental Leave

Company Equity

401(k) Company Match

Mental Health Support

Wellness Program

Gym Membership

Professional Development Budget

Home Office Stipend

Flexible Work Hours

Paid Sick Leave

Paid Holidays

Enhanced parental leave

Work-from-abroad scheme

Weekly lunch provided in office

Comprehensive Private Medical Insurance

Bonus scheme

£100 monthly personal Ben Balance

Growth & Insights and Company News

Headcount

6 month growth

↑ 13%

1 year growth

↑ 12%

2 year growth

↑ 10%
SportsGrid
Nov 11th, 2022
Take This NFC Team To Cover In The 2nd Half On Sunday

Mike Blewitt joins Ben to reveal which NFC team he is looking to back on Sunday in the second half of their matchup.

Coverage
Aug 3rd, 2022
Ben Raises $16 Million

Ben offers flexible employee benefits. The post Ben raises $16 million appeared first on Coverager - Insurance news and insights.

UK Tech News
Aug 3rd, 2022
HR startup Ben raises £13m for flexible employee benefits platform

Employee benefits platform Ben has closed a £13m Series A investment to accelerate the development of its software and payments technology.

Tech.eu
Aug 3rd, 2022
Building Benefits Better, Ben Brings Home $16 Million In Atomico-Led Round

London-based employee benefits platform Ben has raised $16 million in a Series A round that will see the company up the headcount as it further pushes the envelope on its SaaS and payments technology offer. Since its inception in late 2019, Ben has now raised a total of $21 million. You don’t need to stick your head too far out the window to realise that the pandemic had changed employee expectations well beyond any form of recognition prior. Hell, the pandemic has even given birth to a workforce movement, The Great Resignation, one that is still ongoing according to the World Economic Forum, and one that a quarter of American job-leavers are now regretting

Silicon Canals
Feb 1st, 2021
This London-based HRtech startup raises €2M to fix the broken employee benefits system; here’s how

HRtech startup Ben enables companies to personalise benefits and reward for each employee.

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