Quild Mini🦄 #105: Benepass

This is the Quild Minicorn, highlighting one future of work minicorn daily - early-stage startups with statistically significant signals of becoming a unicorn.

Benepass is a platform to flexibly distribute benefits and non-salary compensation globally. Their card-first technology gives employees a physical and virtual VISA card with all their benefits from their employer coded on the card

Founders: Jaclyn (CEO), Mark (COO), Kabir (CTO)

Signals:

1. Top company alumni

   1. Jaclyn worked as a banker/investor Goldman Sachs and TPG for 5 years

   2. Mark worked as a mechanical engineer at Google and Google X for almost 6 years

   3. Kabir worked as a technologies at Sidewalk Labs (Google) and In-Q-Tel for 5 years

2. Top university alumni

   1. Jacklyn graduated from Wharton (BS) and Stanford (MBA)

   2. Mark graduated from Northwestern (BS)

   3. Kabir graduated from Oxford (BS)

3. Fast team growth

   1. Grew 4.3x YoY to 34 employees

   2. And hiring a lot more

4. Accelerated financing

   1. Founded in 2019, seeded in 2020, series A in 2021

5. Midas list investor

   1. Threshold Ventures led series A

Till tomorrow, Kenn