Forma built a business around a small indignity of office life: the benefit that exists on paper but takes a spreadsheet, a receipt and a patient HR team to use.
A benefit nobody uses is a curious form of generosity. Benepass built a card and ledger to make the money spendable, then discovered that the harder problem was keeping every dollar eligible, visible, and under control.
Compt is a Boston-based HR software company that runs flexible employee stipends and Lifestyle Spending Accounts (LSAs) for employers. Instead of one-size-fits-all perks, employees choose how to spend an allowance across categories like wellness, professional development, childcare, home office and pet care; they submit a receipt and get reimbursed through payroll with the correct tax treatment applied automatically. Founded in 2018 by Amy Spurling, the reimbursement-based platform emphasizes IRS-compliant tax handling, high participation, and low administrative overhead, and operates across all 50 U.S. states and 75+ countries.