Compt, a Boston-based employee perk stipend software company advanced for the present more-adaptable working environment, has raised a $13 million Series A speculation driven by Battery Ventures.
The subsidizing comes following an extended time of fast development, almost 500% ARR, and follows an earlier seed funding round from cooperation programming organization Slack Fund and Harlem Capital Partners.
The new financing from Battery will help Compt reach and back more worldwide organizations who request a comprehensive way to deal with representative advantages and advantages for their groups, the organization said in a proclamation.
Compt’s stipend software is worked in view of personalisation, permitting groups to dole out set allowances in general classes like “wellbeing and health” or “family.” Employees then pick administrations in those classifications that allure for them. To get repaid, they essentially transfer photographs of receipts by means of Compt’s application or its immediate combination into Slack. By and large, Compt empowers perk payments across twenty classifications and sees a normal of 91% representative commitment and 97% record enactment in organizations utilizing its product. “Compt has fabricated a genuinely creative, adaptable advantages programming for the present labor force, offering a help that permits organizations to discuss their common qualities with workers,” said Neeraj Agrawal, a Battery Ventures general accomplice who has joined Compt’s board as a feature of the new speculation.