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Catch

Catch is an end-to-end benefits platform that automates tax withholding and payments, retirement investments, and dental and health insurance. The company announced its shutdown in March 2023.

Independent workers sign up for the platform by linking their bank accounts and enrolling in the platform's benefits packages. As of August 2021, Catch is available in 38 US states. The Catch app is free to use for basic features such as linking a bank account, manually approving paychecks, and opening and contributing to savings goals. It operates a subscription model for specific features which range between USD 1 - USD 5 per month while tax payments are liable to a USD 10 processing fee. As of September 2019, Catch served 20,000 users having processed paychecks worth around USD 10 million at the time.

Funding and financials

Catch raised USD 12 million in a Series A funding round led by Crosslink Capital in July 2021. The round also included the participation of existing investors Khosla Ventures, Kindred Ventures, NYCA Partners, and Urban Innovation Fund. The company intends to invest the new funds in product development such as the introduction of independent insurance and automated health savings accounts (HSA). Catch also plans to expand its distribution partnerships.

Company Brief


HQ location:
New York, NY
Founded year:
2017
Employees:
11 - 50
Total Funding:
USD 18.1 million

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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