BeniPlus offers the BeniPlus Wallet, a single interface that combines health/wellness spending accounts, personal insurance, RRSP contributions, and charitable giving for small business owners. The company received a $1.1 million CAD investment from Canadian insurance broker Axis Insurance. The capital is intended to accelerate BeniPlus’s growth plans and help expand its market share. Axis Insurance’s CEO Alex Meier said the partnership will enable the firms to address transactional insurance needs with greater precision and complement Axis’s advisory services. BeniPlus CEO Johann Reandino said Axis’s leadership and vision align well with BeniPlus and called Axis the right partner for the company’s next stage of growth. The article does not provide revenue, user metrics, founding year, or prior financing details. BeniPlus Inc. is a Toronto, Canada-based provider of group benefits that offers a cloud-based platform targeted to small businesses across Canada. Led by co-founder and president Stephen DeKuyper, the company focuses on developing group benefits solutions tailored to small employers. The company announced a second seed funding round, with the amount undisclosed. Global Excel Management made the second investment, following an initial investment in May 2018. BeniPlus intends to use the funds to continue developing its group benefits product for small businesses. The article did not disclose revenue, user, or valuation metrics.

Total raised

$1M

Funding rounds

2

Latest round

Seed

Latest activity

Mar 2024