Insights

ICHRA Leadership Benefitbay positions itself as a first-mover end-to-end ICHRA deployment platform, suggesting strong cross-sell opportunities to brokers and employers seeking compliant, scalable individual coverage health reimbursement solutions.

Scaling Financing Recent Series A funding of 18M and investor activity imply growing market validation and capacity to onboard more clients; leverage this momentum to engage mid-market employers and benefit brokers seeking proven SaaS ICHRA capabilities.

Talent Attraction Industry experts expect ICHRA to become a key differentiator in talent recruitment; position Benefitbay as the enabler for employers aiming to offer portable, tailored benefits to attract top candidates.

High Growth Headcount expansion and rapid hiring indicate a scaling organization; target expanding mid-market companies that need scalable benefits administration and deployment support as they grow.

Strategic Partnerships With a platform designed for brokers, employers, and employees, there are strong upsell opportunities with broker networks and agency partners looking to modernize benefits offerings using SOC II compliant ICHRA tooling.

benefitbay® Tech Stack

benefitbay® uses 8 technology products and services including HubSpot Analytics, Atlassian, PostgreSQL, and more. Explore benefitbay®'s tech stack below.

  • HubSpot Analytics
    Analytics
  • Atlassian
    Application Development & Management
  • PostgreSQL
    Database
  • StackAdapt
    Demand Side Platforms
  • HIPAA
    Electronic Health Records
  • Apple iCloud Mail
    Email
  • Addigy
    IT Infrastructure & Operations Management
  • SOAP
    Web & Portal Technology

benefitbay®'s Email Address Formats

benefitbay® uses at least 1 format(s):
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 LinkedInCrunchbase.

How much revenue does benefitbay® generate?

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

What is benefitbay®'s SIC code NAICS code?

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

How many employees does benefitbay® have currently?

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As of August 2026, benefitbay® has approximately 75 employees across 2 continents, including North AmericaEurope. Key team members include Vice President Of Engineering: P. P.Director Of Assurance Services: A. G.Escalation Lead: J. E.. 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 HubSpot AnalyticsAtlassianPostgreSQLStackAdaptHIPAAApple iCloud MailAddigySOAP.

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 August 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 $5Mas a series_a.

  • $100M - $250M

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

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 $5Mas a series_a.

  • $100M - $250M

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

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