About Benify
Benify is a company based in Stockholm (Sweden) founded in 2004 by Markus Kullendorff.. Benify offers products and services including Benefits Management Platform, HR Analytics Tool, Total Reward Visualization, Candidate Offer System, and Employee Communication Service. Benify operates in a competitive market with competitors including Bennie, eHealth, Clair, Nayya and Espresa, among others.
- Headquarter Stockholm, Sweden
- Founders Markus Kullendorff
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Sectors
Financial ServicesTechnology Healthcare
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Email
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Website
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Social
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Annual Revenue
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Net Profit
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Latest Funding Round
- Investors
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Employee Count
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Products & Services of Benify
Benify offers a comprehensive portfolio of products and services, including Benefits Management Platform, HR Analytics Tool, Total Reward Visualization, Candidate Offer System, and Employee Communication Service. 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.
Streamlines enrollment and administration of employee benefits.
Monitors usage and engagement of employee benefits data.
Displays full value of employee compensation and rewards.
Enhances candidate experience through digital offer processes.
Optimizes outreach to improve employee engagement levels.
Provides AI-driven global employee assistance features.
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Funding Insights of Benify
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2011 | Amount | Unspecified - Benify | Valuation | Vitruvian Partners |
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| 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 Benify
Benify has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Vitruvian 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 |
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Growth equity investments are directed toward expanding startups across sectors.
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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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Founded Year | Domain | Location | |
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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 Benify
| 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 - Benify
| 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 |
Benify Comparisons
Competitors of Benify
Benify 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 Bennie, eHealth, Clair, Nayya and Espresa, 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 |
Employee health benefits are managed via an HR broker platform.
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| domain | founded_year | HQ Location |
Online health insurance comparison platform for individuals and small businesses
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| domain | founded_year | HQ Location |
Embedded Earned Wage Access solutions are provided for HR platforms.
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Cloud based benefit marketplace for employees
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Cloud-based platform for employee perks and wellbeing challenges is provided.
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| domain | founded_year | HQ Location |
Employee health benefits and insurance solutions are provided by Plum.
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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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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 Benify
Frequently Asked Questions about Benify
When was Benify founded?
Benify was founded in 2004 and raised its 1st funding round 7 years after it was founded.
Where is Benify located?
Benify is headquartered in Stockholm, Sweden.
What does Benify do?
Benify, formerly FlexPay, provides a benefits management platform for organizations. It includes features for configuration of employee benefits including health, pensions, company cars, perks such as discount from partner stores, marketplace for insurance providers, and running health and financial wellness programs. Also, provides employers and employees to determine their total compensation. Customers include IKEA, Volvo, Coca Cola, Astra Zeneca and others.
What products or services does Benify offer?
Benify offers Benefits Management Platform, HR Analytics Tool, Total Reward Visualization, Candidate Offer System, and 2 more products and services.
Who are Benify's investors?
Benify has 1 investor. Key investors include Vitruvian Partners.