Ben

Ben is an open SaaS platform that provides core employee benefits options such as life and health insurance and pension plans along with other lifestyle-based benefits such as gym memberships and work-from-home allowances. The platform integrates with existing accounting, payroll, and HR information systems and also offers benefits-related reporting and tools to automate benefits administration tasks and measure employee engagement with benefits programs.

Ben's benefits marketplace allows companies to deposit funds and set individual spending rules. Employees can spend on required benefits using Ben’s employee Mastercard, streamlining the benefits administration process. Further, the company allows its users to benchmark benefits in different markets, carried out by Ben’s benchmarking survey.

The company generates revenue via monthly subscriptions priced per employee at GBP 4, for a minimum of 250 users (~USD 5).

Key customers and partnerships

The platform’s current users are smaller and mid-market companies with distributed teams. As of August 2022, the company serves over 150 customers including Zalando, Deliveroo, Funding Circle, and BitPanda

Funding and financials

In August 2022, Ben raised USD 16 million in a Series A funding round led by Atomico. The funds were to be funneled toward further development of its SaaS and payments technology and expanding its employer customer base.