Benepass

Benepass YC Application

Winter 2020Active

Benepass went through Y Combinator in the Winter 2020 batch as a B2B company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch
Winter 2020
Industry
B2BHuman Resources
Team size
45
Status
Active
Launched
2020

Founders

  • Jaclyn Chen
    Jaclyn ChenFounder
  • Mark Fischer
    Mark FischerFounder
  • Kabir Soorya
    Kabir SooryaFounder

What Benepass does

Benepass consolidates corporate benefits onto a single card, powered by our in-house fintech payments stack We help companies take care of their employees through tax-advantaged benefits (e.g. FSA/HSA, dependent care, commuter) and company-funded stipends (e.g. wellness, WFH, professional development) all on a single card + mobile app. With Benepass, HR teams can centralize all ancillary benefits and perks in the same place and make them a no-brainer for employees to use and engage with.

Benepass's YC application, reconstructed

Y Combinator application

Benepass, Winter 2020 batch. The real form questions, answered from public data.

  1. Founders2
  2. Company7
  3. Progress7
  4. Idea4
  5. Equity3
  6. Curious2
  7. Batch Preference1

Company

Company name

Benepass

Describe what your company does in 50 characters or less.

Fintech for corporate compensation

What is your company going to make? Please describe your product and what it does or will do.

We built a fintech platform that consolidates all corporate benefits and stipends onto a single card and mobile app. Our product allows HR teams to manage tax-advantaged benefits like FSAs, HSAs, dependent care, and commuter benefits alongside company-funded perks like wellness and WFH stipends. This makes it easy for employees to access and use their benefits without juggling multiple vendors or cards.

Where do you live now, and where would the company be based after YC?

We are based in New York, NY and plan to keep the company here after YC.

Explain your decision regarding location.

New York is where our team is based and where much of the HR and fintech ecosystem we serve is located. Being here keeps us close to our customers and partners.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

Frequently Asked Questions

Is this the real Benepass YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Benepass's public data (launch notes, founder backgrounds, product description). It shows how a company like Benepass would present itself to YC, not the text they submitted.

What YC batch was Benepass in?

Benepass was part of the Y Combinator Winter 2020 batch.

Who founded Benepass?

Benepass was founded by Jaclyn Chen, Mark Fischer, Kabir Soorya.

What does Benepass do?

Fintech for corporate compensation

How do I read the full reconstructed application?

Create a free Round Funded account. The full 26-answer version of Benepass's application, and every other YC batch, is in YC Insights.

More YC startups like Benepass