Benepass blog · Jun 2026
Announced faster card approvals, near-instant claims review, and personalized benefit discovery; said 86% of transactions are instantly approved.
Company research
Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Overview
Benepass is a card-first employee benefits platform that helps employers flexibly distribute pre-tax benefits and lifestyle spending accounts globally.
Primary product
Employee benefits and lifestyle spending accounts platform (card-first benefits administration and spending/disbursement platform)
Headquarters
New York, New York, United States
Team size
51-200
Industry
Human Resources Services
Sub-industry
Employee benefits administration / HR tech / fintech-enabled benefits platform
Offices
Oakland, California, United States
Business model
SaaS
B2B
usage-based services
Funding
Stage
Series B
Total raised
$94.7M
Latest round
Series B · Jan 2026
Latest amount
$40M
Jan 2026
Sep 2021 · Threshold
Apr 2020 · Gradient
Mar 2020 · Y Combinator
People & investors
Leadership
Mark Fischer
Co-Founder
Kabir Soorya
Chief Technology Officer
Matthew P. Kerle
Vice President of Engineering
Esme Lutz
Head of Product
Michael Watts
Head of Sales
Pat Marrujo
Head of Talent Acquisition
Katie Bairhalter
Director of Customer Operations
Emilie DeBaie
Director, Strategic Accounts
Allie Daly
Director, Strategic Accounts
Kelli H.
Enterprise Sales Director
Founders
CEO & Co-Founder
Investors
AltalR
Alumni Ventures Group
Amino Capital
Centana Growth Partners
Clocktower Technology Ventures
Elysium Ventures
FoW Partners
Global Founders Capital
Gradient
Gradient Ventures
Modern Venture Partners
Operator Partners
Polymath
Portage Ventures
Soma Capital
Threshold
Threshold Ventures
Workday Ventures
Y Combinator
Work & culture
Public materials emphasize security, employee flexibility, and global benefits engagement. The company also appears to run customer story webinars and product demos, and its careers page lists multiple engineering and product roles.
Product & market
Pricing
Not publicly disclosed; likely B2B SaaS with platform fees and implementation/services components
Differentiators
- —Card-first benefits experience using physical and virtual Visa cards
- —Supports both pre-tax benefits and lifestyle spending accounts in one platform
- —Global coverage across 90+ countries / 400,000+ employees claimed in company content
- —Strong compliance posture highlighted publicly: SOC 2 Type 2, GDPR, HIPAA, HITRUST
- —Emphasis on higher participation and lower admin burden versus reimbursement-only models
Technology
Vanta
PCI
IAM
Iterable
Kubernetes
PostgreSQL
Smartsheet
Kotlin
Java
Docker
RDS
Zendesk
Terraform
API Gateway
TestFlight
Django
Jira
KMS
TypeScript
Workday
Customers
CompTIA
Enterprise employers using lifestyle spending accounts, FSAs, HSAs, HRAs, commuter benefits, and custom benefits programs
Competitors
ThrivePass
PerkUp
Fountain
Forma
Nectar
Branch
Other modern benefits administration platforms
Scale & contact
Estimated revenue
~$1M-$5M annual revenue (Exa estimate: $1.44M)
Estimated monthly visits
146.2K
Traffic estimate as of Jun 2026
Latest news
Benepass blog · Apr 2026
Explains LSAs as a flexible, employer-funded benefit used for wellness, childcare, professional development, and related spending.
Benepass blog · Jan 2026
Launched integrated HSA investing with a $125 minimum, no Benepass admin fees, and in-app cash/investment management.
Benepass blog · Jan 2026
Series B led by Centana Growth Partners to expand pre- and post-tax benefits, with over 250 employers served and 4.5M+ card transactions processed.
Benepass blog · Jan 2026
Review of 2025 product work, including AI-assisted claims and faster, more visible benefits workflows.
Jobs and careers at Benepass
4 jobs at Benepass
Engineering Manager
On-site
Engineering
U.S Remote
3d ago
On-site
Full-time
Lead AI Systems Engineer
On-site
Engineering
U.S Remote
1mo ago
On-site
Full-time
Staff Product Manager (Fintech)
On-site
Product
U.S Remote
4mo ago
On-site
Full-time
Lead Product Manager
On-site
Product
U.S Remote
7mo ago
On-site
Full-time