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

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

08/03/22, 11:37 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svglondon
Money raised
$16 million
Industry
employee benefits
human resources
saas
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 Info

Company
Ben
Location
london, england, united kingdom
Additional Info
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.

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