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Employee Benefits Platform Ben Raises $16M To Cut Hr Admin

Aug 03, 2022almost 3 years ago

Amount Raised

$16 Million

LondonEmployee BenefitsHuman ResourcesSaas

Description

Employee benefits platform Ben today announced it has raised $16 million in a series A round of funding led by European VC giant Atomico.

Company Information

Company

Ben

Location

London, England, United Kingdom

About

Founded out of London in 2019, Ben is a SaaS platform that offers core employment benefits such as life insurance, health, and pension, as well as more lifestyle-based nice-to-haves such as gym memberships and work-from-home allowances.While Ben is aimed at the human resources (HR) realm, it essentially straddles both the HR and fintech divide, integrating with systems spanning accounting, HR, and payroll to automate many of the onboarding and enrolment processes. On the lifestyle front, we have relationships with benefits suppliers and can enable spend controls on the Ben Mastercard to turn any merchant into a benefit, including spending Lifestyle budgets on core products.”On top of that, Duckworth also pointed to the fact that Ben is an “open” platform that isn’t locked into a set range of benefits.

Funding Insights

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