Insights

Growth momentum Benefitbay has rapidly scaled headcount and secured recent Series A funding, signaling strong growth and increasing demand for ICHRA deployments. This presents an opportunity to position complementary services, such as enterprise onboarding, compliance automation, and healthcare partner integrations, to sustain momentum with larger employer clients.

Talent retention ICHRA is positioned as a strategic tool for recruiting and retaining top talent by offering individualized health benefits. Sales opportunities exist in mid to large employers seeking to modernize benefits packages, reduce fixed costs, and improve employee satisfaction through tailored plans.

Digital health synergy Recent participation in Digital Health Day and Lumi Award recognition highlight Benefitbay’s visibility in the digital health ecosystem. Leverage partnerships with insurers, brokers, and health tech platforms to cross-sell integration services, data analytics, and workflow automation for benefits administration.

Compliance and security Benefitbay emphasizes SOC II Type II end-to-end ICHRA deployment, indicating strong compliance posture. This creates cross-sell opportunities with regulated industries or larger employers seeking secure, auditable benefits programs and vendor risk management support.

Market expansion With revenue in the upper mid-market range and a growing customer base, there is potential to target employers transitioning from traditional group plans to ICHRA. Propose scalable deployment packages, migration services, and ongoing support to capture share from organizations exploring flexible, portable benefits.

Similar companies to benefitbay®

benefitbay® Tech Stack

benefitbay® uses 8 technology products and services including LinkedIn Ads, HubSpot Analytics, Microsoft SharePoint, and more. Explore benefitbay®'s tech stack below.

Media & News

benefitbay®'s Email Address Formats

benefitbay® uses at least 1 email format:
benefitbay® Email FormatsExamplePercentage
First.Last@benefitbay.comJohn.Doe@benefitbay.com
100%

Frequently Asked Questions

What is benefitbay®'s official website and social media links?

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benefitbay®'s official website is benefitbay.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does benefitbay® generate?

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As of September 2026, benefitbay®'s annual revenue is estimated to be $100M - $250M.

What is benefitbay®'s SIC code and NAICS code?

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benefitbay®'s SIC code is 6411 - Insurance Agents, Brokers, and Service and NAICS code is 524 - Insurance Carriers and Related Activities.

How many employees does benefitbay® have currently?

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As of September 2026, benefitbay® has approximately 75 employees across 2 continents, including North America and Europe. Key team members include Vice President Of Engineering: P. P., Director Of Assurance Services: A. G. and Senior Sales Account Executive: K. O. Explore benefitbay®'s employee directory with LeadIQ.

What industry does benefitbay® belong to?

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benefitbay® operates in the Insurance industry.

What technology does benefitbay® use?

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benefitbay®'s tech stack includes LinkedIn Ads, HubSpot Analytics, Microsoft SharePoint, WordPress, PostgreSQL, Shopify, WP Engine and Microsoft Teams.

What is benefitbay®'s email format?

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benefitbay®'s email format typically follows the pattern of First.Last@benefitbay.com. Find more benefitbay® email formats with LeadIQ.

How much funding has benefitbay® raised to date?

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As of September 2026, benefitbay® has raised $31M in funding. The last funding round occurred on May 21, 2026 for $5M.

When was benefitbay® founded?

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benefitbay® was founded in 2021.
benefitbay® logo

benefitbay®

InsuranceMissouri, United States51-200 Employees

Benefitbay is a Kansas City, Missouri-based company operating in the insurance sector that provides an end-to-end platform for modeling, deploying, and managing Individual Coverage Health Reimbursement Arrangements (ICHRA) for employers of varying sizes. The platform supports secure, regulated deployment and offers tools to help employees select and enroll in plans that fit their individual needs, enabling tax-free employer contributions to be used for health coverage. Its service targets brokers, employers, and employees, addressing the inefficiencies that have hindered broader adoption of ICHRA by offering a compliant, comprehensive solution. Since its launch in 2020, the company has positioned itself as a facilitator of a shift from traditional group benefits toward more individualized, portable health benefits, aligning with expectations around talent recruitment and retention. A recent development noted is the advancement of its platform and related ecosystem, reflecting ongoing growth in the ICHRA space.

Section iconCompany Overview

SIC Code
6411 - Insurance Agents, Brokers, and Service
NAICS Code
524 - Insurance Carriers and Related Activities
Founded
2021
Employees
51-200

Section iconFunding & Financials

  • $31M

    benefitbay® has raised a total of $31M of funding over 6 rounds. Their latest funding round was raised on May 21, 2026 in the amount of $5M as a Series A.

  • $100M - $250M

    benefitbay®'s revenue is estimated to be in the range of $100M - $250M

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