“Can a UK-based employee benefits platform become the financial OS for global enterprise workforce benefits, displacing legacy platforms with embedded payments, cards, and financial wellbeing products?”
Founded in 2019 as a UK-based employee benefits platform, Thanks Ben (trading as 'Ben') initially focused on flexible spending allowances backed by prepaid Mastercard cards. It has since evolved into an AI-native global benefits OS for enterprise, embedding payment cards (via Paynetics), cross-border payment rails (via Airwallex for US), and financial wellbeing products (EWA, workplace loans) directly into its platform. The Series B positions Ben to displace legacy benefits platforms at multinationals operating across 140+ countries.
ThanksBen discloses Paynetics UK as its banking provider, according to the Embedded Finance Index 2026.
ThanksBen does not disclose a bank charter of its own; its banking services are provided through Paynetics UK.
ThanksBen's cards are issued through Paynetics UK.
ThanksBen uses Airwallex for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 4 layers in ThanksBen's stack: Banking / BaaS (Paynetics UK); Card issuing (Paynetics UK); Lending (Workplace Loans and Earned Wage Access); FX & payouts (Airwallex).
ThanksBen is founded in 2019 and headquartered in London, United Kingdom.
ThanksBen has raised $27.5M+ in total (latest round: Series B).
Get a read on where your own stack stands against ThanksBen and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.