Benny Closes $1M Pre-Seed Funding Round

by Taylor Kennedy

Benny

Benny, a platform that helps consumers build wealth with their benefits, has closed a $1 million pre-seed funding round, the company announced recently.

According to a release, the round was led by Matchstick Ventures, and the funds will be used to accelerate Benny’s customer acquisition, product development and recruiting efforts.

“I believe there is a massive opportunity in the employee benefits space, specifically wealth-building benefits, like employee stock purchase plans,” Benny CEO Andy Kalmon said in a statement. “I’m not just talking about education but actual financial products that are built for the people who are experiencing this pain. That’s what we’re building at Benny.”

Benny provides customers cash so that they can take advantage of their company’s Employee Stock Purchase Plan (ESPP). The company’s customers include employees at Microsoft, Salesforce, Alaska Airlines and T-Mobile.