# Benepass

> Benepass sells employers a card-led platform for administering pre-tax accounts and flexible, employer-funded benefits. Its ledger, spending controls, app, reimbursements, and HR integrations aim to make benefit dollars easier to use and easier to account for across countries and business units.

- **Founded:** 2019
- **Headquarters:** New York, United States
- **Founders:** Jaclyn Chen (CEO and co-founder), Kabir Soorya (CTO and co-founder), Mark Fischer (COO and co-founder at founding)
- **Products:** Lifestyle Spending Account, Pre-tax accounts, Health Reimbursement Arrangement, Benepass card and app, Admin platform
- **Notable:** More than 250 employers globally and 4.5 million card transactions reported in January 2026., Trupanion reported 80% annual LSA engagement and 67% lower LSA administration costs after switching., The Aspen Group transitioned 3,745 HSA and 2,100 FSA/commuter accounts in 75 days.

## Products & services

- **Lifestyle Spending Account** — Employer-funded, configurable spending programs for wellness, food, family support, work, learning and other categories.
- **Pre-tax accounts** — HSA, healthcare and dependent care FSA, commuter, and related accounts on one platform.
- **Health Reimbursement Arrangement** — Employer-funded health accounts with configurable eligibility and spending rules, including specialty programs.
- **Benepass card and app** — Physical and virtual cards, account balances, transaction history, claims and reimbursement workflows.
- **Admin platform** — Funding, policy controls, HR and payroll integrations, reporting, and operational alerts.

## Achievements

- More than 250 employers globally and 4.5 million card transactions reported in January 2026.
- Trupanion reported 80% annual LSA engagement and 67% lower LSA administration costs after switching.
- The Aspen Group transitioned 3,745 HSA and 2,100 FSA/commuter accounts in 75 days.
- Benepass reports 86% of card transactions instantly approved on its 2026 product page.

## Latest updates

- **2026-09** — Introduced administrator alerts for data, funding, contribution and security exceptions.
- **2026-08** — Explained recurring reimbursements for eligible dependent-care and other pre-tax expenses.
- **2026-06** — Introduced a consumer-payment positioning built around tap, submit and explore.
- **2026-01** — Raised a $40 million Series B to expand into more complex employers and specialty health programs.

## Links

- Website: https://getbenepass.com/
- LinkedIn: https://www.linkedin.com/company/benepass/
- Twitter/X: https://twitter.com/getbenepass
- Instagram: https://www.instagram.com/getbenepass/
- Facebook: https://www.facebook.com/getbenepass/

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Profile page: https://yespress.io/benepass
Published by YesPress — https://yespress.io
Last updated: 2026-09-29