Founded Year

2015

Stage

Debt - II | Alive

Total Raised

$33.82M

Last Raised

$1.55M | 1 yr ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-59 points in the past 30 days

About Nexben

Nexben is a fintech company focusing on benefits administration and payment solutions within the health and wealth benefits industry. The company offers a payment platform designed to streamline benefits administration and deliver defined contribution solutions such as ICHRA, while also providing a General Agency for Medicare, individual, ancillary, and group insurance products. Nexben primarily serves enterprise partners, TPAs, carriers, SaaS providers, brokers, and other entities within the benefits ecosystem. It was founded in 2015 and is based in Minneapolis, Minnesota.

Headquarters Location

150 South 5th Street Suite 1750

Minneapolis, Minnesota, 55402,

United States

855-463-9236

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Nexben's Product Videos

ESPs containing Nexben

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Health Insurance & RCM Tech

The ICHRA platforms market consists of companies that offer software to provide individual coverage health reimbursement arrangement (ICHRA) plans. Most ICHRA platforms facilitate payments between employees (sponsored by their employers) and health insurers. ICHRA platforms typically offer employers online portals to administer ICHRA plans, with many companies also offering complimentary portals f…

Nexben named as Outperformer among 12 other companies, including Gravie, Thatch, and Take Command Health.

Nexben's Products & Differentiators

    Payment Services

    Automated, end to end ICHRA payment solution which makes payment utilizing pre-tax HRA accounts for health insurance simple and easy.

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Expert Collections containing Nexben

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Nexben is included in 3 Expert Collections, including Insurtech.

I

Insurtech

3,403 items

Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

9,809 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

D

Digital Health

12,122 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

Nexben Patents

Nexben has filed 2 patents.

The 3 most popular patent topics include:

  • central banks
  • health insurance
  • actuarial science
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/16/2021

Health insurance marketplaces, Graphical user interface elements, Central banks, Health insurance, User interfaces

Application

Application Date

6/16/2021

Grant Date

Title

Related Topics

Health insurance marketplaces, Graphical user interface elements, Central banks, Health insurance, User interfaces

Status

Application

Latest Nexben News

EBenefitsHub Announces Nexben as Exclusive National CorePartner

Aug 15, 2023

News Provided By Share This Article EBenefitsHub is pleased to announce its addition of Nexben as an Exclusive National Core Partner. Benefits Professionals are increasingly in search of ways to differentiate themselves. With the help of Nexben and our other CorePartners, EBHub can assist BenefitsPros in doing just that.” — Nick Gregory, ChWE ORLANDO, FL, USA, August 15, 2023/ EINPresswire.com / -- EBenefitsHub is pleased to announce its addition of Nexben as an Exclusive National Core Partner. “We are excited to include the brilliantly bundled ICHRA platform of services and products assembled by the Nexben team,” said EBenefitsHub Founder and CEO, Nick Gregory, ChWE. “Benefits Professionals are increasingly in search of ways to differentiate themselves with their clients and prospects while showcasing the value they provide. With the help of Nexben and our other CorePartners, EBHub can assist BenefitsPros in doing just that.” said Gregory. Taking a technology-first approach to benefit payments, Nexben provides the unlimited capacity required to fuel the shifting benefits ecosystem—facilitating seamless distribution and reconciliation of payments between employers and insurers. Nexben simplifies the entire benefits experience by providing employers the ability to control cost and personalize choices for their employees—with streamlined administration, expert enrollment guidance, and seamless one-click payment technology. With this announcement, Nexben joins a collection of exclusive, best-of-breed CorePartner organizations to provide services and products to BenefitsPros across the country. The result is the fusion of advanced knowledge, experience, services, technology, and products to create a synchronized hub for BenefitsPros and their business clients. About Nexben Nexben is the leading fintech plan administration and payment solution in the benefits industry. Nexben delivers financial technology, allowing people to gain financial control and expand their freedom of choice with simple, effective, and accessible administrative and payment solutions. The game-defining administration and payment engine fuels the unlimited capacity required to power the shifting benefits ecosystem—facilitating seamless distribution and reconciliation of payments between all parties. We have changed the game when it comes to benefits—evolving the market from a one-to-one transaction model to Nexben’s many-to-many solution. For more information about Nexben, visit us at nexben.com About EBenefitsHub EBenefitsHub has engineered a modernized suite of snap-on digital solutions synchronized within its holistic EBHub Dashboard and “white label” All-In-One MobileFirst App. The EBHub “ecosystem” is coupled with an arsenal of resources necessary for benefits professionals to prevail within today's competitively complex benefits landscape. BenefitsPros can design/build their digital benefits hubs . . . on their terms. With the help of EBHub CorePartners, BenefitsPros can embrace the digital revolution; bridging the gaps while cutting away the bad plumbing of detached digital and manual processes. They can neutralize competitors, expand client offerings, harvest more clients and future-proof success. In a sea of sameness, BenefitsPros can brand, position and differentiate to create an unfair advantage. The result is seamlessly harmonized employee benefits, engagement and communications, merged into a powerfully holistic platform for BenefitsPros and their clients: Design • Quote • Present • Enroll • Engage • Communicate • Enhance Renew • Manage Learn more: MyEBenefitshub.com Grow@MyEBenefitshub.com 407-878-3520 Brittany Sibal

Nexben Frequently Asked Questions (FAQ)

  • When was Nexben founded?

    Nexben was founded in 2015.

  • Where is Nexben's headquarters?

    Nexben's headquarters is located at 150 South 5th Street, Minneapolis.

  • What is Nexben's latest funding round?

    Nexben's latest funding round is Debt - II.

  • How much did Nexben raise?

    Nexben raised a total of $33.82M.

  • Who are the investors of Nexben?

    Investors of Nexben include Paycheck Protection Program, Claritas Capital and Ensemble Innovation Ventures.

  • Who are Nexben's competitors?

    Competitors of Nexben include BenefitBay, zizzl health, StretchDollar, EIS, Lucent Health and 7 more.

  • What products does Nexben offer?

    Nexben's products include Payment Services and 4 more.

  • Who are Nexben's customers?

    Customers of Nexben include State of Colorado.

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Compare Nexben to Competitors

zizzl health Logo
zizzl health

zizzl health specializes in providing Individual Coverage Health Reimbursement Arrangement (ICHRA) solutions within the health insurance sector. The company offers a platform that assists employers in managing health benefits, enabling them to provide customizable health insurance options to their employees without the administrative burden typically associated with traditional plans. zizzl health was formerly known as zizzl. It was founded in 2016 and is based in Milwaukee, Wisconsin.

Take Command Health Logo
Take Command Health

Take Command Health specializes in health reimbursement arrangements (HRAs) within the financial technology sector. The company provides HRA administration software that enables businesses of various sizes to reimburse employees for health insurance tax-free. Take Command Health's main offerings include QSEHRA administration for small businesses and ICHRA administration for companies of any size, aiming to offer flexible and affordable health benefits. It was founded in 2014 and is based in Richardson, Texas.

Zorro Logo
Zorro

Zorro is a company that provides solutions within the health benefits industry. The company offers a platform that allows employers to set individual benefits budgets for employees, who can then choose their health benefit bundles. Zorro primarily serves the employer and employee sectors, focusing on a health benefits system. It was founded in 2022 and is based in Beachwood, Ohio.

Venteur Logo
Venteur

Venteur specializes in health insurance solutions with a focus on Individual Coverage Health Reimbursement Arrangements (ICHRA) within the healthcare industry. The company offers platforms that allow employers to provide health benefits to their employees and assist employees in creating health portfolios. Venteur's services integrate with payroll systems, providing options for businesses. Venteur was formerly known as BeneSwyft. It was founded in 2020 and is based in San Francisco, California.

G
GoWell Benefits

GoWell Benefits provides automated benefits enrollment within the insurance industry. The company has a platform for benefits enrollment from brokers to employees, including options for Individual Coverage Health Reimbursement Arrangements (ICHRA) and a broker portal. GoWell Benefits serves employers and insurance brokers, offering means to manage employee benefits. It was founded in 2019 and is based in Narberth, Pennsylvania.

BenefitBay Logo
BenefitBay

BenefitBay provides a range of ICHRA administration platforms within the health benefits sector. Its offerings include a platform that allows employers to reimburse employees for individual health plans while maintaining tax advantages and tools to support simplified benefits deployment and compliance. Its services are primarily utilized by brokers and their clients in the health benefits industry. It was founded in 2021 and is based in Omaha, Nebraska.

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