Based out of London, employee benefit and reward company, Ben, has raised $2.5M (approx €2M) in a fresh round of funding led by Cherry Ventures and Seedcamp. In addition, the round also saw participation by notable fintech and HRtech angel investors including Paul Forster of Indeed.com, Taavet Hinrikus of Transferwise, Carlos Gonzalez-Cadenas of GoCardless (now Index Ventures), Philip Reynolds of Workday, and Matt Robinson of Nested.
What does “Ben” do?
Ben enables companies to personalise benefits and reward for each employee. It claims to do this by marrying a modern software (SaaS) platform with per-employee Mastercards and financial infrastructure. The platform adds employee choice to any existing benefits programme while adding an amount of additional options, all while saving time and money.