About Benefit Express
Benefit Express is a company based in Schaumburg (United States) founded in 2001 was acquired by Wright Express in April 2021.. Benefit Express offers products and services including Fuel Cards, Benefits Administration, and Virtual Cards. Benefit Express operates in a competitive market with competitors including Hinge Health, Alight, Swile, Practo and Accolade, among others.
- Headquarter Schaumburg, United States
-
Sectors
TechnologyHealthcare
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Benefit Express Services
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
Wright Express
& 1 more
-
Employee Count
Employee Count
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Benefit Express
Benefit Express offers a comprehensive portfolio of products and services, including Fuel Cards, Benefits Administration, and Virtual Cards. 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.
Cards for tracking and managing fuel expenses in fleets
Platform for managing HSAs, FSAs, and COBRA accounts
Tools for automating accounts payable and supplier payments
Funding Insights of Benefit Express
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Benefit Express
Benefit Express has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Wright Express and LLR Partners. 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 |
|---|---|---|---|---|
|
Private equity firm investing in technology and healthcare businesses for growth capital.
|
Founded Year | Domain | Location | |
|
Employee benefit administration and payment solutions are provided for enterprises.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Benefit Express
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Benefit Express
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Benefit Express Comparisons
Competitors of Benefit Express
Benefit Express 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 Hinge Health, Alight, Swile, Practo and Accolade, 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 |
Virtual physical therapy and digital pain care solutions are provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are offered for enterprise HR management.
|
|
| domain | founded_year | HQ Location |
A card-linked wallet is provided for employee financial management.
|
|
| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
|
|
| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
|
|
| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Benefit Express
Frequently Asked Questions about Benefit Express
When was Benefit Express founded?
Benefit Express was founded in 2001.
Where is Benefit Express located?
Benefit Express is headquartered in Schaumburg, United States. It is registered at Schaumburg, Illinois, United States.
Who is the current CEO of Benefit Express?
Michael Sternklar is the current CEO of Benefit Express.
What does Benefit Express do?
Benefit Express was founded in 2001 in Schaumburg, United States, operating in the employee benefits and human resources sector. A SaaS-based outsourcing platform is utilized for benefits administration and health exchange services. Core operations integrate benefits management, with services encompassing enrollment, administration, direct billing, reimbursement accounts, carrier bill reconciliation, total compensation statements, and a dedicated call center. Customized experiences are delivered to support employee engagement and education.
Who are the top competitors of Benefit Express?
Benefit Express's top competitors include Accolade, Hinge Health and Alight.
What products or services does Benefit Express offer?
Benefit Express offers Fuel Cards, Benefits Administration, and Virtual Cards.
Who are Benefit Express's investors?
Benefit Express has 2 investors. Key investors include Wright Express, and LLR Partners.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.