Benefitbay has raised $18 million in a Series A funding round. The company plans to use the funds to expand its Individual Coverage Health Reimbursement Arrangements (ICHRA) platform. Benefitbay stated that this development is part of its efforts in reshaping employee benefits. Further details about the investors or specific plans for fund allocation were not disclosed.
Original Source: https://fintech.global/2026/05/26/benefitbay-raises-18m-series-a-to-scale-ichra-platform/