ThanksBen
“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?”
Founded2019
HQLondon, United Kingdom
Total raised$27.5M+
Latest roundSeries B
IndustryVertical SaaS / HR & Benefits
The story
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.
Product timeline
2019
Thanks Ben Ltd incorporated in England and Wales (Company No. 12335851).· pivot
Regulated entities
1
regulatory licence held by ThanksBen
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
4 layers disclosed in ThanksBen’s embedded-finance stack
Banking / BaaS
Paynetics UK
Card issuing
in the full report
Lending
in the full report
FX & payouts
in the full report
Accounting gap: significant
4 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.