Thatch
“Can a health benefits platform replace rigid group insurance by embedding personalized ICHRA accounts and financial tools directly into employer payroll workflows?”
Founded in 2021, Thatch set out to modernize employer-sponsored healthcare by offering ICHRA (Individual Coverage Health Reimbursement Arrangement) plans that let employees choose their own coverage rather than being locked into a single group plan. The platform integrates deeply with payroll systems via Finch to automate deductions and onboarding. By 2025, Thatch had layered embedded banking features — including debit cards, deposit accounts, and banking services — directly into its health benefits platform, evolving toward a financial OS for employer-sponsored healthcare spending.