Benebay

Benebay.com is an online self-insurance platform for smaller employers. Benebay addresses a dramatically underserved market of health benefits for smaller groups by offering a unique combination of self-funded health insurance products and simplified product design tailored to small companies. Benebay provides a complete technology suite with secure Cloud delivery, built-in intelligence and automation for an intuitive user experience. Benebay’s solution is based on advanced health insurance administration technology developed and tested in Europe and now adapted for the U.S. market and successfully implemented with first clients in Florida. The Founders’ team has a proven track record in global tech and health IT as well as a successful track record in U.S. health insurance and self-funding administration. In 2016, Benebay generated recurring annual revenues of $0.5M and is looking to raise a seed round of $1.5M in order to finalize product features, launch a licensed administrator’s operations and prepare the business for rapid scaling.