About HoneyBee
HoneyBee is a Technology company based in San Francisco (United States) founded in 2015 by Ennie Lim and Benny Yiu. It operates as an online platform for earned wages. It operates in the Technology and Financial Services sectors. HoneyBee has raised $5.7 million across 3 funding rounds from investors including Community Investment Management, ff Venture Capital and Resolute Ventures. HoneyBee offers products and services including Honey Funds, Honey Academy, and Honey Therapy. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is HoneyBee Financial Wellness. Its competitors include DailyPay, Earnin, Branch, PayActiv and Clair and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
HoneyBee was founded in 2015 in San Francisco, United States, within the fintech sector. An online platform is operated to enable employees to manage expenses, add credit balances, request loans, and apply for short-term options. Fixed-fee, zero-interest loans are offered to employees at companies providing vacation or paid time off. Services are delivered digitally to support wage-based financial needs.
- Headquarters San Francisco, United States
- Founders Ennie Lim, Benny Yiu
- SectorsTechnologyFinancial Services
- Email••••••••
- Phone•••• ••••
- Website meethoneybee.com
- Social LinkedIn X Facebook
- Legal Name Honeybee Financial Wellness
- Total Equity Funding$5.7M (USD)
in 3 rounds
- Latest Funding Round$5.7M (USD), Series A
Sep 2021
- InvestorsCommunity Investment Management
& 7 more
Products & Services of HoneyBee
HoneyBee offers a comprehensive portfolio of products and services, including Honey Funds, Honey Academy, and Honey Therapy.
Provides no-cost funds for debt and expense management.
Delivers webinars on financial literacy for employees.
Offers sessions to help achieve financial goals.
Funding Insights of HoneyBee
HoneyBee has successfully raised a total of $5.7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $5.7 million completed in September 2021. 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 $5.7M
- Total Rounds 3
- Last Round Series A — $5.7M
- Investors Count 8
All 3 funding rounds of HoneyBee with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $100M | Debt – Conventional | – | – | |
| Sep 2021 | $5.7M | Series A | – | ff Venture Capital | |
| Jun 2017 | – | Seed | – | – |
8 investors in total: 7 institutional and 1 angel.
Investors in HoneyBee
HoneyBee has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Community Investment Management, ff Venture Capital and Resolute Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified investment management services are offered to clients. | 2012 | cim-llc.com | San Francisco, United States | |
Early-stage technology-enabled companies are invested in by ff Venture Capital. | – | ffvc.com | New York, United States | |
Early-stage venture capital funding is provided to founders. | – | resolute.vc | San Francisco, United States | |
Seed-stage tech investments in US companies are funded. | – | afore.vc | San Francisco, United States | |
Pre-seed and seed-stage investments are targeted by K50 Ventures. | – | k50ventures.com | New York, United States | |
Early-stage financial services startups are invested in and incubated. | – | finventurestudio.com | San Francisco, United States | |
Rebalance Capital is focused on investing in FinTech and WorkforceTech startups. | – | rebalancecap.com | - | |
BD Baron Davis | - | – | unknown_bf5a615ab6d148d5a | - |
Investor details for HoneyBee
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of HoneyBee
4 people are tracked at HoneyBee (4 in leadership).
| Name | Role | Group |
|---|---|---|
Ennie Lim | Co-Founder | Leadership |
Benny Yiu | Co-Founder | Leadership |
Michael Weinberg | Chief Architect | Leadership |
Max Zschoch | Head Of Sales | Leadership |
Complete people profiles for HoneyBee
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of HoneyBee
3 dated milestones of HoneyBee across 6 years, from founding to its latest funding, stage changes and deals.
- Founded HoneyBee is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $5.7M.
Competitors of HoneyBee
HoneyBee has 8 listed competitors in our database, 7 of them funded. They include DailyPay, Earnin, Branch, PayActiv and Clair, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dailypay.com | 2015 | New York, United States | $264M | 845 | Developer of an online platform for employee financial benefits | |
| earnin.com | 2012 | Palo Alto, United States | $190.1M | 242 | Real-time access to earned wages is provided fee-free. | |
| branchapp.com | 2015 | Minneapolis, United States | $138.28M | 177 | Branch is focused on providing faster workforce payment solutions. | |
| payactiv.com | 2012 | San Jose, United States | $133.55M | – | Prepaid corporate cards are offered for on-demand employee wage access. | |
| getclair.com | 2019 | New York, United States | $67.7M | – | Embedded Earned Wage Access solutions are provided for HR platforms. | |
| purchasingpower.com | 2001 | Atlanta, United States | – | 243 | E-commerce company that allows customers to finance purchases through payroll deduction. | |
| rainapp.com | 2002 | Venice, United States | $160.88M | 86 | A platform for payday loans is provided by Rain. | |
| kashable.com | 2013 | New York, United States | $25.6M | 23 | Employee financing solutions are offered as voluntary employer benefits. |
Detailed competitors of HoneyBee
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Top companies in HR & Workforce Technology
10 companies that operate in the same segment as HoneyBee (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | 1,695 | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, Utah, United States | USD 235.41 M | USD 4.95 M | 1,774 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | – | 1,218 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 21,000 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 |
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Related news about Honeybee
Complete news archive for HoneyBee
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Frequently Asked Questions about HoneyBee
HoneyBee was founded in 2015 and raised its 1st funding round 2 years after it was founded.
HoneyBee is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
HoneyBee is a funded company, having raised a total of $5.7M across 3 funding rounds to date.
HoneyBee was founded in 2015 in San Francisco, United States, within the fintech sector. An online platform is operated to enable employees to manage expenses, add credit balances, request loans, and apply for short-term options. Fixed-fee, zero-interest loans are offered to employees at companies providing vacation or paid time off. Services are delivered digitally to support wage-based financial needs.
HoneyBee offers Honey Funds, Honey Academy, and Honey Therapy.
HoneyBee has 8 investors. Key investors include Community Investment Management, ff Venture Capital, Resolute Ventures, Afore Capital, and Rebalance Capital.
HoneyBee operates through Honeybee Financial Wellness.