Parento
“Can a single insurance-backed product replace the patchwork of STD, state PFL, and self-funded parental leave for US employers?”
Founded2019
HQNew York, New York, United States
Total raised$10.4M
IndustryInsurtech / Employee Benefits
The story
Parento was founded in 2019 as the first US insurance product built specifically to fund employer paid parental leave, differentiating from short-term disability or state PFL programs. It has since layered on Leave Concierge (leave/claims management) and a Parent Experience coaching program, positioning itself as a three-in-one bundle for employers rather than a pure insurance carrier. Claims are administered by third-party Davies rather than in-house.
Last 12 months
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Product timeline
2019
Parento founded in New York to provide gender-neutral paid parental leave insurance for US employers.· launch
Regulated entities
1
regulatory licence held by Parento
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
0 layers disclosed in Parento’s embedded-finance stack
Accounting gap: minor