Company Research Report
1. Company Overview
Name of the Company
Ben (Thanks Ben Ltd)
Mission of the Company
To create a world working at its best, where every individual can live their best life at work and outside of work. Their technology aims to connect the entire benefits ecosystem to create better outcomes for employers, employees, brokers, and providers.
Founding Details
- Founded: 2019
- Founders: David (background at HSBC) and Seb (former UK Managing Director at Secret Escapes)
Key People
- David and Seb: Co-founders, involved in the conceptualization and operational development of the company.
Headquarters
- Address: 9th Floor 107 Cheapside, London, United Kingdom, EC2V 6DN
Number of Employees
120 employees
Revenue
No information is available.
Company Recognized For
Ben is known for being an all-in-one global employee benefits platform that is flexible, automated, and budget-friendly.
2. Products
Product Offerings
Ben provides a range of solutions related to flexible employee benefits, automation of benefits administration, and employee engagement tools.
1. Flexible Spending Allowances:
- Description: Allows teams to spend their benefits budget on what works best for them.
- Key Features: Custom spending allowances, employee-controlled benefits selection, virtual and physical payment cards, and automated expense management.
2. Benefits Management & Enrollment:
- Description: Simplifies benefits enrollment and administration processes.
- Key Features: Self-service enrollment, automated joiners/leavers processing, multilayered enrollment compliance, and comprehensive reporting tools.
3. Smart Workflows & Automation:
- Description: Offers automation for various HR and benefits workflows.
- Key Features: HRIS integration, personalized communication, process compliance assurance, and role-based permissions control.
4. Reporting, Analytics & Payroll:
- Description: Provides real-time insights on benefits spending and payroll.
- Key Features: Actionable insights, error-free automated payroll reporting, and benefit utilization analysis.
3. Recent Developments
Recent Company Developments
No specific developments are mentioned beyond the ongoing operations and services offered by the company.
New Products Launched
No information is available on recently launched products.
New Features Added to Existing Products
No information is available on new features added recently.
New Partnerships
No information is available on new partnerships.
4. Additional Company Information
Compliance and Regulatory Details
Ben is the trading name of Thanks Ben Ltd, a company that operates under regulatory frameworks with various certifications and partnerships. It is an appointed representative of Stubben Edge (Risk) Limited, authorized and regulated by the Financial Conduct Authority (FCA). Additionally, it adheres to safeguarding processes to ensure customer fund safety.
Customer Success Stories
- Retention and Engagement: Highlights include JBM's improved employee retention rates and Thriva's successful employee engagement metrics.
- Global Reach Support: Ben supported companies like Pleo with benefits offerings across multiple countries.
Employee-Centric Initiatives
Ben focuses on providing tools that allow employees to select benefits aligning with personal needs and preferences, thereby promoting higher engagement and satisfaction.
