Benepass raises $2.4 million to help employees get the most out of their tax-advantaged benefits
Benepass is building the benefits card for startups and small companies. The provide pre-tax benefits in FSA, commuter, and childcare as well as post-tax benefits in fitness, education, and petcare. Employees earn rewards for using benefits, just like a credit card. Signing up takes minutes and is completely free. Benepass automates administration (payroll adjustments, integration, onboarding, and offboarding) and provides insights on demand. Through Benepass, employees get immediate savings, 21st century tech that works, and open, transparent, tax compliant benefits. The team comes from Goldman Sachs, TPG, Sidewalk Labs, Stanford, Oxford, and GoogleX.