About Bswift
Bswift is a company based in Chicago (United States) founded in 1996 was acquired by Francisco Partners in October 2022.. Bswift has raised $51 million across 1 funding round from investors including Francisco Partners, Aetna and Great Hill Partners. Bswift has completed 2 acquisitions, including Evive and bswift. Bswift offers products and services including End-to-End Benefits Platform, Emma, and Administrative HR Solutions. Bswift operates in a competitive market with competitors including Hinge Health, Alight, Swile, Practo and Accolade, among others.
- Headquarter Chicago, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$51 M (USD)
in 1 rounds
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Latest Funding Round
$51 M (USD), Private Equity Round
Apr 02, 2014
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Investors
Francisco Partners
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Evive
& 1 more
- Acquired by
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Products & Services of Bswift
Bswift offers a comprehensive portfolio of products and services, including End-to-End Benefits Platform, Emma, and Administrative HR Solutions. 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.
Platform for managing employee benefits and enrollment
AI assistant for personalized benefits guidance
Tools to streamline HR processes and compliance
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Leadership Team
64 people
Senior Team
45 people
Sales and Marketing
23 people
Operations Team
19 people
Product Management Team
17 people
Software Development Team
15 people
Client Team
9 people
Finance and Accounting
6 people
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Funding Insights of Bswift
Bswift has successfully raised a total of $51M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $51 million completed in April 2014. 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $51.0M
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First Round
First Round
(02 Apr 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Private Equity Round - Bswift | Valuation | Great Hill Partners |
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| 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 |
Investors in Bswift
Bswift has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Francisco Partners, Aetna and Great Hill 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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Business acquisitions are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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Private equity investment firm focused on technology sector
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Founded Year | Domain | Location | |
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Health insurance plans are provided by Aetna for diverse needs.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bswift
Bswift has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Evive and bswift. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based solutions for employee benefit management are provided.
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2007 | ||||
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Internal communication strategies are developed to engage and motivate employees.
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1984 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bswift
| 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 |
Bswift Comparisons
Competitors of Bswift
Bswift 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.
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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 |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 Bswift
Frequently Asked Questions about Bswift
When was Bswift founded?
Bswift was founded in 1996 and raised its 1st funding round 18 years after it was founded.
Where is Bswift located?
Bswift is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Bswift?
Sanjiv Anand is the current CEO of Bswift.
Is Bswift a funded company?
Bswift is a funded company, having raised a total of $51M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $51M, raised on Apr 02, 2014.
What does Bswift do?
Founded in 1996 and based in Chicago, United States, Bswift operates in the HR technology sector. Benefits administration solutions are offered to enterprises, featuring AI-driven tools for enrollment guidance and process improvements. Tailored benefits package recommendations are generated based on individual employee needs, supporting both employees and HR departments in streamlined operations.
Who are the top competitors of Bswift?
Bswift's top competitors include Accolade, Hinge Health and Alight.
What products or services does Bswift offer?
Bswift offers End-to-End Benefits Platform, Emma, and Administrative HR Solutions.
Who are Bswift's investors?
Bswift has 3 investors. Key investors include Francisco Partners, Aetna, and Great Hill Partners.
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