About Bend Financial
Bend Financial is a company based in Boston (United States) founded in 2017 was acquired by Webster Financial Corporation in February 2022.. Bend Financial has raised $14.34 million across 2 funding rounds from investors including RRE Ventures and Webster Financial Corporation. The company has 29 employees as of December 31, 2022. Bend Financial offers products and services including HSA Account and Bend Advisor. Bend Financial operates in a competitive market with competitors including Bright Horizons Family Solutions, Zenith American Solutions, Intellivo, SAVii and Circle In, among others.
- Headquarter Boston, United States
- Employees 29 as on 31 Dec, 2022
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Sectors
Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bend Financial Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$14.34 M (USD)
in 2 rounds
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Latest Funding Round
$9.95 M (USD), Series A
Jun 19, 2019
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Investors
RRE Ventures
& 1 more
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Employee Count
29
as on Dec 31, 2022
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Acquired by
Webster Financial Corporation
(Feb 16, 2022)
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Products & Services of Bend Financial
Bend Financial offers a comprehensive portfolio of products and services, including HSA Account and Bend Advisor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure account for tax-advantaged medical expense savings
AI-powered guide for HSA management and education
Unlock access to complete
Funding Insights of Bend Financial
Bend Financial has successfully raised a total of $14.34M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $9.95 million completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $9.9M
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First Round
First Round
(03 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series A - Bend Financial | Valuation |
investors |
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| Jan, 2018 | Amount | Seed - Bend Financial | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bend Financial
Bend Financial has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include RRE Ventures and Webster Financial Corporation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location | |
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Provides personal checking, savings, loans, investments, and online banking services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bend Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bend Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bend Financial Comparisons
Competitors of Bend Financial
Bend Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bright Horizons Family Solutions, Zenith American Solutions, Intellivo, SAVii and Circle In, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Early education and child care services are provided globally.
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| domain | founded_year | HQ Location |
Third-party administration services are provided for U.S. workforce benefits.
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| domain | founded_year | HQ Location |
Healthcare claims detection and recovery solutions are provided.
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| domain | founded_year | HQ Location |
Provider of Payday Loans
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| domain | founded_year | HQ Location |
Employee benefit services are provided to support company workforces.
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| domain | founded_year | HQ Location |
Provider of employee benefit services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bend Financial
Frequently Asked Questions about Bend Financial
When was Bend Financial founded?
Bend Financial was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Bend Financial located?
Bend Financial is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Bend Financial a funded company?
Bend Financial is a funded company, having raised a total of $14.34M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.39M, raised on Jan 03, 2018.
How many employees does Bend Financial have?
As of Dec 31, 2022, the latest employee count at Bend Financial is 29.
What does Bend Financial do?
Bend Financial was founded in 2017 in Boston, United States, focusing on the health fintech sector. A platform for health savings accounts is provided, enabling tracking and management of savings for individuals and employers. Records of medical expenses, including copays, deductibles for doctor visits, and prescription medications, are maintained. Operations center on facilitating cost and tax management in healthcare spending.
Who are the top competitors of Bend Financial?
Bend Financial's top competitors include Bright Horizons Family Solutions, Intellivo and Zenith American Solutions.
What products or services does Bend Financial offer?
Bend Financial offers HSA Account and Bend Advisor.
Who are Bend Financial's investors?
Bend Financial has 2 investors. Key investors include RRE Ventures, and Webster Financial Corporation.