About Benefits By Design
Benefits By Design is a company based in Port Coquitlam (Canada) founded in 1996 was acquired by People Corporation in April 2021.. Benefits By Design offers products and services including Employee Benefit Plans, Group Benefits Administration, Spending Accounts, and Administrative Services Only. Benefits By Design operates in a competitive market with competitors including Alight, Swile, Wright Express, Businessolver and Justworks, among others.
- Headquarter Port Coquitlam, Canada
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Sectors
TechnologyHealthcare
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Phone
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Website
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Social
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- Legal Name Benefits By Design (Bbd)
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
People Corporation
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Employee Count
Employee Count
- Acquired by
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Products & Services of Benefits By Design
Benefits By Design offers a comprehensive portfolio of products and services, including Employee Benefit Plans, Group Benefits Administration, Spending Accounts, and Administrative Services Only. 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.
Customizable plans for group health and dental coverage
Online platform for managing employee benefits plans
Accounts for health, dental, and wellness expenses reimbursement
Self-funded options for controlling insurance costs
Funding Insights of Benefits By Design
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Benefits By Design
Benefits By Design has secured backing from 2 investors. Prominent investors backing the company include People Corporation and RPS Benefits. 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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Group benefits, retirement, and human resource services are provided.
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Retirement planning services are provided from Saint Louis since 1989.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Benefits By Design
| 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 - Benefits By Design
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Benefits By Design Comparisons
Competitors of Benefits By Design
Benefits By Design 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 Alight, Swile, Wright Express, Businessolver and Justworks, 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 |
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are offered for enterprise HR management.
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| domain | founded_year | HQ Location |
A card-linked wallet is provided for employee financial management.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based employee benefits administration solutions are delivered.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Health benefits and savings are managed through an app-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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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 Benefits By Design
Frequently Asked Questions about Benefits By Design
When was Benefits By Design founded?
Benefits By Design was founded in 1996.
Where is Benefits By Design located?
Benefits By Design is headquartered in Port Coquitlam, Canada. It is registered at Port Coquitlam, British Columbia, Canada.
What does Benefits By Design do?
Benefits By Design was founded in 1996 and is based in Port Coquitlam, Canada. Customized benefit solutions are provided to small and medium-sized businesses, along with individual options. Fully-insured products such as Benepac group insurance packages, Benaccount, Healthcare Spending Accounts, and the Ceridian Employee Assistance Program are included. Self-funded products, retirement plans, and association plans are also offered within the employee benefits sector.
Who are the top competitors of Benefits By Design?
Benefits By Design's top competitors include Alight, Wright Express and Businessolver.
What products or services does Benefits By Design offer?
Benefits By Design offers Employee Benefit Plans, Group Benefits Administration, Spending Accounts, and Administrative Services Only.
Who are Benefits By Design's investors?
Benefits By Design has 2 investors. Key investors include People Corporation, and RPS Benefits.