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Benepass raises $20m in new funding

New York startup helping businesses provide flexible benefits packages to employees raised $20m in new funding led by Portage and Clocktower Technology Ventures. 

"The industry is seeing a rapid consolidation of the tools that companies use to administer benefits. With a wall-to-wall activation rate that is four to five times the rate of traditional benefits solutions, Benepass has built the right platform to capitalize on this consolidation trend."

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benefits