Beny Raises $1m in Seed Funding for its Benefits Platform

hr tech funding news
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LEHI, UTAH (PRWEB) SEPTEMBER 17, 2020

Technology startup Beny closes $1,000,000 in Seed funding to disrupt and improve culture through its non-traditional benefits platform. The round of funding is led by strategic investor Magellan Human Capital Management. The company is led by CEO and Co-founder, Chad Ingram, as well as co-founders Chris Bowerbank and Jake Runyan.

The primary purpose of employee benefits is failing to do its job in recruiting and retention. While companies are trying harder and harder to differentiate themselves in an extremely competitive job market, many efforts are falling short. Most employers are allocating big budgets to entertain, develop, and provide wellness to their people. Unfortunately, these dollars are being spent by people who are making decisions on-behalf-of the majority of the team. This results in ineffective utilization of non-traditional benefit dollars. Until Beny, there has not been a good system for employers to manage this budget and process. Beny has come up with a solution that puts the buying power in the employees’ hands.

Using Beny, employers can allocate a predetermined budget per employee per month. Employees can then use the Beny marketplace to choose how, when, and where they want to spend their money on non-traditional benefits. Employees can book services like:

  •     Massages
  •     Yoga
  •     Team-builder activities
  •     Healthcare visits
  •     Chiropractor
  •     Oil Change
  •     Tire Rotation
  •     Emission test
  •     Dry cleaning
  •     Home cleaning
  •     Experiences of all kinds
  •     Much more…

“Employers are reaching to improve their employee journey. Benefits as we know them today are boring, unmotivating, they don’t communicate value anymore. Beny puts the people back in the drivers’ seat. They can now choose a massage, have their car worked on, or even get a doctor to visit.” – Chad Ingram, CEO and Co-founder of Beny

Beny is helping businesses build a culture that cares about its people. Find more information about the launch on our website https://getbeny.com. It is expected to reach the app store early January 2021.

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