gleam
Gleam is a fintech company specializing in insurance solutions, launched in 2023 as part of the Y-Combinator S23 batch. It offers financial services and tools for brokers to manage self-insured plans efficiently, alongside providing fee-free financial accounts and business credit cards.
Services
Gleam offers a range of services in the fintech and insurance sub-industry. These include fee-free financial accounts, business credit cards issued by Celtic Bank, and health plan solutions. The platform supports integration with Human Resource Information Systems (HRIS), allowing automatic employee invitations. Gleam's tools enable brokers to design and execute self-insured plans, providing real-time financial performance insights, in-depth claims analysis, and automated compliance and reporting. The platform focuses on simplifying health benefits management and reducing health insurance costs for companies.
Partners
Gleam collaborates with multiple significant partners to enhance its services. Notably, the company partners with Stripe Payments Company for money transmission services. The accounts are held at Evolve Bank & Trust, a member of the FDIC, ensuring clients' funds are secure. Gleam Visa® Commercial Credit cards are issued by Celtic Bank. These collaborations help provide robust financial solutions, including FDIC pass-through deposit insurance up to $250,000 per depositor and various treasury management services.
Product Offerings
Gleam provides various fintech products tailored to meet business needs. Their primary offerings include fee-free financial accounts and business credit cards. Additionally, the platform supports integration with HRIS for easy employee onboarding and allows setting spending limits on issued cards. For brokers and benefits consultants, Gleam offers tools to design, execute, and manage self-insured health plans, along with real-time data access and instant claims analysis. These offerings are designed to automate compliance, reporting, and cost-containment solutions.
Technology and Compliance
Gleam employs advanced technology to ensure secure and compliant financial services. The company uses encryption to protect sensitive information like login credentials. It complies with the California Consumer Privacy Act (CCPA) and offers a HIPAA Business Associate Agreement to meet HIPAA requirements. Additionally, Gleam uses cookies and tracking technologies to enhance service analytics and improve user experience. These measures indicate Gleam's commitment to upholding privacy standards and safeguarding client data.
Company History
Gleam was launched in 2023 as part of the Y-Combinator S23 batch. The company operates in the fintech sector with a specific focus on insurance. It offers its services remotely and partly remotely, catering to a diverse range of business needs. Through its partnerships with prominent financial institutions and a focus on innovation and compliance, Gleam has quickly positioned itself as a notable player in the industry.