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
Locked
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Phone
Locked
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Website
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Social
Locked
- Legal Name Bend Financial Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
Secure account for tax-advantaged medical expense savings
AI-powered guide for HSA management and education
People of Bend Financial
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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.
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.
| 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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Provides personal checking, savings, loans, investments, and online banking services.
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Investor details for Bend Financial
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- Investor domains
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Investments & Acquisitions by Bend Financial
Investment portfolio details for Bend Financial
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Financial Statements - Bend Financial
Detailed financials for Bend Financial
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Bend Financial Comparisons
Peer comparison for Bend Financial
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Early education and child care services are provided globally.
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Third-party administration services are provided for U.S. workforce benefits.
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Healthcare claims detection and recovery solutions are provided.
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Provider of Payday Loans
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Employee benefit services are provided to support company workforces.
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Provider of employee benefit services
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Detailed competitors of Bend Financial
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Latest news on Bend Financial
Complete news archive for Bend Financial
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Frequently Asked Questions about Bend Financial
Bend Financial was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Bend Financial is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Bend Financial is a funded company, having raised a total of $14.34M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Bend Financial is 29.
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.
Bend Financial's top competitors include Bright Horizons Family Solutions, Intellivo and Zenith American Solutions.
Bend Financial offers HSA Account and Bend Advisor.
Bend Financial has 2 investors. Key investors include RRE Ventures, and Webster Financial Corporation.