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Perkbox

Can a UK employee benefits platform own the full lifecycle of employee rewards, wellbeing, and salary sacrifice at scale across global enterprises?

HQLondon, England, UK
IndustryVertical SaaS / HR & Employee Benefits
The story

Founded as an employee perks and discounts platform targeting SMBs in the UK, Perkbox expanded its offering to include wellbeing, EAP, salary sacrifice schemes, and peer-to-peer recognition, evolving toward a comprehensive global employee benefits and rewards platform. Its acquisition by Great Hill Partners and integration with Vivup Financial Services Ltd signals a move upmarket toward larger enterprises and public-sector clients. The embedded-finance angle centres on salary sacrifice (cycle-to-work, tech schemes), KYC obligations tied to FCA-regulated benefits products, and gift/reward voucher infrastructure powered by vendors like Runa.

Last 12 months
2024
Product timeline
2015
Perkbox operational with £4.3M turnover, positioned as an employee perks and discounts platform.· pivot
2016
Turnover grew to £14.7M; opened Sheffield office; rapid headcount expansion to 180+ employees.· pivot
2017
Signed a £4M 3-year committed funding facility with Barclays to fuel growth.· banking
2024
Acquired by Great Hill Partners; merged with Vivup (Financial Services) to expand public-sector benefits offering.· acquisition
Regulated entities
IAR (Introducer Appointed Representative)
UK FCA
SME HCI Limited (trading as Perkbox)
The stack
Payments / PSP
Checkout.com
Accounting gap: minor