Benepass
Benepass, launched in March 2020 and part of Y Combinator's W20 batch, consolidates corporate benefits onto a single card and operates primarily in the United States.
Company Overview
Benepass, formerly known as BenePass, is a New York-based company operating in the B2B sector, specifically within the Human Resources sub-industry. The company's primary focus is the consolidation of corporate benefits onto a single card. With a team size of 15, Benepass has established a significant presence in the United States, including America/Canada and fully remote regions. The company launched in March 2020 and is a part of the Y Combinator W20 batch.
Services
Benepass offers a range of services designed to centralize and streamline corporate benefits for HR teams. Key services include providing tax-advantaged benefits such as FSA/HSA, dependent care, and commuter benefits. Additionally, the company offers company-funded stipends geared towards wellness, work-from-home (WFH) setups, and professional development. These services are powered by an in-house fintech payments stack and are accessible via a user-friendly mobile app.
Products
The primary product offering from Benepass is its all-in-one benefits card, which aggregates various corporate benefits into a single platform. Supported by an in-house fintech payments stack, this card simplifies the management and utilization of benefits for employees and HR teams alike. The company also provides a mobile app that allows employees to easily access and manage their benefits from anywhere, fostering greater convenience and user engagement.
History
Benepass was launched in March 2020 and was part of the Y Combinator W20 batch. Originally known as BenePass, the company rebranded to its current name and has since focused on offering innovative solutions in the corporate benefits space. Leveraging its fintech capabilities, Benepass has aimed to revolutionize how companies manage and distribute employee benefits.
Locations and Remote Operations
Benepass is headquartered in New York, NY, USA, but also operates with remote capabilities. The company serves a broad geographic area including the entire United States and Canada, with fully remote operational capabilities. This flexibility has allowed Benepass to attract a diverse range of clients and employees, facilitating growth and service expansion beyond traditional office locations.