# Binkey

> Binkey is a Washington, DC fintech that lets online merchants accept pre-tax health benefit dollars - FSA, HSA, and related accounts - as payment at checkout. Its AI-powered engine classifies products at the SKU level to determine IRS eligibility in real time, automates claim filing and reimbursement, and routes funds through developer-friendly APIs. Products span Binkey Pay (checkout acceptance), FSA + HSA Rewind (recovering unused benefit dollars from past purchases), and Binkey Vision (out-of-network vision reimbursement). The company raised $3.3M in seed funding in 2023.

- **Founded:** 2022
- **Headquarters:** Washington, District of Columbia, United States
- **Founders:** Obiaku Ohiaeri (Founder & CEO)
- **Team size:** ~13 employees
- **Products:** Binkey Pay, FSA + HSA Rewind, Binkey Vision, Developer APIs
- **Notable:** Raised $3.3M seed round led by Wellington Access Ventures (2023), Selected for the Mastercard Start Path program for underrepresented fintech founders, First SIG-IS certified payment service for FSA/HSA payment processing dedicated to online businesses

## Products & services

- **Binkey Pay** — An API-enabled payment service that lets online merchants accept FSA, HSA, SNAP, EBT, Vision and Medicare Advantage funds at checkout, with AI-powered eligibility verification, SKU-level precision, and split-tender support.
- **FSA + HSA Rewind** — A consumer tool that scans past purchases to identify eligible expenses and recover unused health benefit dollars through automated claim filing and reimbursement.
- **Binkey Vision** — Automates out-of-network vision insurance reimbursement, filing claims and routing reimbursement deposits on the customer's behalf.
- **Developer APIs** — Plug-and-play e-commerce extensions and APIs (BigCommerce and others) that let developers integrate health benefit payments and eligibility detection into their checkout.

## Achievements

- Raised $3.3M seed round led by Wellington Access Ventures (2023)
- Selected for the Mastercard Start Path program for underrepresented fintech founders
- First SIG-IS certified payment service for FSA/HSA payment processing dedicated to online businesses
- Achieved SOC 2 Type II, HIPAA and PCI compliance
- Launched an FSA auto-reimburse MiniApp with Klutch

## Latest updates

- **2023-12** — Closed $3.3M seed round led by Wellington Access Ventures with Springtide Ventures, Plug and Play Ventures and Third Culture Capital.
- **2023-12** — Announced Binkey, Klutch partnership on an FSA auto-reimburse MiniApp.
- **2022** — Selected for the Mastercard Start Path program.

## Links

- Website: https://binkey.com
- LinkedIn: https://www.linkedin.com/company/binkey
- Instagram: https://www.instagram.com/joinbinkey/

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Profile page: https://yespress.io/binkey
Published by YesPress — https://yespress.io
Last updated: 2026-07-07