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News by FinTech Collective Archive

Benepass raises $20m in new funding

Kate Wang

February 2, 2024

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Kate Wang

benefits

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

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"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."

https://www.prnewswire.com/news-releases/modern-benefits-leader-benepass-secures-20m-in-funding-302049177.html

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