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Total raised

$24.1M

1 filing since 2022 · latest Equity filed

Cumulative raised
LAST ROUND
Equity · $24.1M
ROUNDS
1
INVESTORS
26
FOUNDED
N/A
HQ
Minneapolis, MN
SECTOR
Fintech
EMPLOYEES
N/A
30D VIEWERS
N/A

AI overview

Updated

Nexben is a Minneapolis, Minnesota company that operates an end-to-end platform for defined contribution health benefits and Individual Coverage Health Reimbursement Arrangements (ICHRA). The platform connects national carriers, brokers, third-party administrators, employers and individual employees in one hub covering shopping, enrollment, plan administration, billing and payment reconciliation. Its patent-pending payment layer handles the money movement between employers, carriers and individuals, and the marketplace also supports Medicare, individual, ancillary and group products across pre-tax and post-tax shopping. Founded in 2015, the company has raised roughly $30.7M and had about 48 employees as of mid-2026.

What sets it apart

A white-labeled utility hub that pairs the enrollment marketplace with its own compliant payment and reconciliation rails, so carriers and brokers can offer defined contribution and ICHRA without stitching together separate enrollment, billing and remittance vendors - and without displacing existing broker economics.

Funding history

1 round
Equity+2Apr 28, 2022
Form D/A
+$24.1M$24.1M total

Latest SEC filings

via EDGAR · CIK 0001736470
Form D/A · Apr 28, 2022View on EDGAR

Products

1 tracked

Nexben benefits platform

Benefits administration and payments platform

An end-to-end enrollment marketplace and payment platform for defined contribution and ICHRA benefits strategies, covering shopping, enrollment, administration, billing and reconciliation.

  • White-labeled marketplace configurable to the client's brand
  • Turnkey shopping and enrollment for individual and ancillary coverage
  • Patent-pending payment platform for secure, compliant benefit transactions
  • Automated billing and payment reconciliation between employers, carriers and individuals