Photo - Benefiti
56444

Benefiti

Serbia
Market: Internet and IT, Services
Stage of the project: Operating business

Date of last change: 04.03.2022
Go to the owner's profile
3
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

Benefiti is one-stop-shop which enables companies to offer personalized and flexible benefits to their employees.

Current Status

We launched the product on the Serbian market and started generating revenue from paying customers in March, 2021 (one pilot client - IT company with 15 employees), generating some 600€ of monthly recurring revenue (MRR).
With sales efforts being significantly increased (additional sales force) in September 2021, new clients started to sign up in November and December (sales cycle is 3-6 months). At the moment we are at 3500€ MRR, and expecting to double by May due to signed agreement with bigger customer.

Problem or Opportunity

The overarching challenge Benefiti is tackling is the inability of most of the companies to overcome „one-size-fits-all“ approach in providing employee benefits and perks across their workforce.
Additional multiplier of this problem is the new post-pandemic reality and the significant raise of the remote work, where work went remote, but benefits did not folow that trend.

Solution (product or service)

Benefiti is Marketplace-as-a-service which enables HR and Comp&Ben managers to provide employees with benefits and perks of their
own choice. It is a one-stop-shop that allows employees to select a set of different benefits on a monthly basis within the budget set by the administrator (HR, Comp&Ben manager, etc).

Business model

At the moment Benefiti is generating revenue from two different streams:
1. Subscription fee (Software-as-a-Service, 2-5€ per month
per employee, paid by client company);
2. Transaction fee (3% - 30% fee on gross sum of benefits
consumed by employees, paid by suppliers (average 5€-
7€ per employee));

In development:
Aggregated reports and analytics in area of employee benefits.
Additional personal spending by employee

Incubation/Acceleration programs accomplishment

Sales Scale Up brought by Swiss EP
Next Level Demos brought by Swiss EP
5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility362
star0
Add to favorites
Delete from favorites
share
close
thumb_up1
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation