Bonusly

Bonusly is an employee reward and recognition platform offering a mobile-first solution for employee recognition and rewards, where employees receive an allowance to give bonuses to their colleagues to recognize their contributions. The granted bonuses appear on a feed and can be tracked across teams, which can be spent on gift cards, cash, and charitable donations. The platform’s key features fall under the categories of integrations, analytics, digital signage, and manager experience.

The platform offers integrations with chat and collaboration software Single Sign On (SSO) and HRIS, along with a Bonusly API and widget for users to build custom integrations on. Through its analytics and reporting, the platform allows organizations to assess recognition trends and identify team members' areas of excellence. The digital signage displays recent bonuses on screens throughout the workspace. Manager experience offers a dashboard to track team recognition and achievements, bonus feeds, and analytics reports.

In July 2024, the company launched Bonusly Achieve to improve employee motivation and performance.Previously in June 2023, Bonusly added manager analytics for targeted employee support, customizable recognition feeds, and a "Points Boost" reward to enhance participation in recognition activities.

The company generates revenue via monthly subscriptions per user, priced at USD 5.

Key customers and partnerships

As of April 2024, the company had over 3,300 organizations using its platform, including notable brands such as Workday, Qualtrics and MongoDB.

The platform offers integrations to HRIS/HRMS and SSO software such as Zenefits, BambooHR, Workday, ADP, Okta, OneLogin, and others. Moreover, the platform allows recognition to be integrated into existing workflows, such as Slack, Microsoft Teams, Yammer, Chatter, and company intranets.

Funding and financials

In February 2023 , Bonusly raised USD 18.9 million in Series B funding led by Ankona Capital. The fresh funds were set to enhance the platform's analytics features through AI technology, expand its reward options by including choices for redemption outside of the US, and increase the range of travel and experience rewards available.