benefitbay's $18M Series A: ICHRA Is the Employer Benefits Hack VCs Finally Fund at Scale
benefitbay raised $18M led by Ten Coves Capital to scale broker-first ICHRA administration — payments, carriers, and payroll integrations in focus.
Fintech remains a core venture capital category, with capital flowing into payments rails, neobanks, insurtech, B2B financial infrastructure, and AI-native financial operations. Our fintech VC coverage tracks the rounds and funds defining the next wave of financial technology.
Explore fintech venture capital articles and funding news below.
benefitbay raised $18M led by Ten Coves Capital to scale broker-first ICHRA administration — payments, carriers, and payroll integrations in focus.
Primer raised $100M Series C from Sofina and Peak XV to scale AI-native payments — US ARR doubling YoY as autonomous finance ops go mainstream.
National Bank of Canada led Sardine's $25M Series C extension after live deployment — total funding hits $170M as agentic fraud AI scales.
Catena Labs raised $30M Series A led by Acrew and a16z crypto — Sean Neville's play to build financial infrastructure for AI agents.
Eisen raised $18.5M including a $10M Series A for AI-enabled compliance operations — escheatment, disbursements, and 1099 workflows automated.
Mercury raised $200M at $5.2B valuation — $650M ARR, 300K+ customers, and a bet that one in three U.S. startups needs AI-era banking.