Photo - Benefi
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Benefi

Canada
Market: Financial services, Mobile applications
Stage of the project: Idea or something is already done

Date of last change: 24.01.2023
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Idea

Benefi is a platform that helps companies attract and retain talent through a better signing and retention bonus.

Current Status

We are launching within a month with first signed clients.

Problem or Opportunity

It's become incredibly hard for many industries to attract and retain talent, due to a tight labor market. While many firms are turning to signing and retention bonuses, there's no way to manage them and companies are losing millions when an employee leaves with an unvested bonus.

Solution (product or service)

Benefi is a platform that helps companies issue and manage a better kind of signing and retention bonus. We structure the bonus as a 0% APR forgivable loan, which helps de-risk a company's investment in a new employee, and ensures any non-earned bonuses are repaid if an employee departs the organization.

Business model

We're a SAAS with a usage component. We sell both directly to companies (usually through the COO/CFO), as well as through channels (group benefits consultants).

Incubation/Acceleration programs accomplishment

Plug and Play
MARS
Fintech Cadence
5,00
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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
Product Video
Presentation