About Benemax
Benemax is a company based in Richmond Hill (Canada) founded in 1989 by Frank Goitanich and Mark Goldasic was acquired by Navacord in March 2020.. Benemax offers products and services including Benefits Audit, CLEAR Benefits Systems, Insured Solutions, and Business Succession Planning. Benemax operates in a competitive market with competitors including ADP, UKG, Bullhorn, Randstad and Insperity, among others.
- Headquarter Richmond Hill, Canada
- Founders Frank Goitanich, Mark Goldasic
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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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- Legal Name Benemax Financial Group Inc.
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Products & Services of Benemax
Benemax offers a comprehensive portfolio of products and services, including Benefits Audit, CLEAR Benefits Systems, Insured Solutions, and Business Succession Planning. 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.
Reviews company benefits spending for optimization and efficiency.
Provides comprehensive tools for benefits administration and planning.
Offers tailored insurance options for employee and executive benefits.
Assists in planning for business transitions and shareholder needs.
Funding Insights of Benemax
| 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 |
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Investors in Benemax
Benemax has secured backing from 1 investor. Prominent investors backing the company include Navacord. 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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Insurance brokerage services are provided across Canada by Navacord.
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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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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 Benemax
| 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 - Benemax
| 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 |
Benemax Comparisons
Competitors of Benemax
Benemax 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 ADP, UKG, Bullhorn, Randstad and Insperity, 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 HR management solutions are offered for payroll and compliance.
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Provider of HR and payroll & workforce management solutions
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| domain | founded_year | HQ Location |
Cloud-based ATS and CRM systems are offered for staffing agencies.
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| domain | founded_year | HQ Location |
HR consulting, recruitment, and outsourcing services are offered worldwide.
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| domain | founded_year | HQ Location |
HR outsourcing services are provided to businesses by Insperity.
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| domain | founded_year | HQ Location |
HR management services are provided by Wanted in South Korea.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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Frequently Asked Questions about Benemax
When was Benemax founded?
Benemax was founded in 1989.
Where is Benemax located?
Benemax is headquartered in Richmond Hill, Canada. It is registered at Richmond Hill, Ontario, Canada.
What does Benemax do?
Benemax was founded in 1989 and is headquartered in Richmond Hill, Canada. Operations focus on the benefits consulting sector, where employee and executive benefits are advised upon through tailored services. The company operates via benemax.ca and was established by co-founders Frank Goitanich and Mark Goldasic. Expertise is applied to assist organizations in managing compensation and welfare programs across Canada.
Who are the top competitors of Benemax?
Benemax's top competitors include Randstad, Alera Group and UKG.
What products or services does Benemax offer?
Benemax offers Benefits Audit, CLEAR Benefits Systems, Insured Solutions, and Business Succession Planning.
Who are Benemax's investors?
Benemax has 1 investor. Key investors include Navacord.