PriyaPatel
TLDR:
- BeniPlus, an employee benefits startup, has received a $1.1 million CAD investment from Axis Insurance.
- BeniPlus Wallet combines health/wellness spending accounts, personal insurance, RRSP contributions, and charitable giving for small business owners.
Axis Insurance has backed BeniPlus, an employee benefits startup, with a $1.1 million CAD investment. BeniPlus offers the BeniPlus Wallet, which combines health/wellness spending accounts, personal insurance, RRSP contributions, and charitable giving in a user-friendly interface aimed at small business owners. This investment will enable BeniPlus to accelerate its growth plans and expand its market share. Through this partnership, Axis Insurance aims to address the transactional insurance needs of its clients with greater precision, complementing their existing advisory services.
According to Alex Meier, CEO at Axis Insurance, the investment not only endorses an innovative approach to employee benefits but also enhances their ecosystem with technology that aligns with their core values. BeniPlus CEO, Johann Reandino, expressed excitement about partnering with Axis Insurance, stating that their leadership and vision are well-aligned with BeniPlus’s goals for growth. This collaboration is seen as a strategic move for both companies, with Axis Insurance bringing significant expertise and resources to support BeniPlus’s next stage of development.
Overall, this investment from Axis Insurance represents a significant milestone for BeniPlus, providing them with the financial backing and strategic support needed to scale their operations and reach more small business owners. The partnership between BeniPlus and Axis Insurance is expected to drive innovation in the employee benefits sector and create new opportunities for both companies to expand their offerings and enhance their services.
