Coverflex closed a €5 million funding round backed by Breega and the 200M Fund.
Coverflex, a Lisbon, Portugal startup building a B2B SAAS for employees benefits management, announced the completion of a €5 million ($6M) funding round.
Coverflex, founded remotely in 2019 by Luís Rocha (ex-TUI Musement), CEO Miguel Santo Amaro (ex-Uniplaces), Nuno Pinto (ex-Kide) and Rui Carvalho (ex-Unbabel), developed all-in-one platform, which allows companies, large or small, to design, consolidate and customize their compensation offers, beyond salary, with health insurance, allowances, fringe benefits and discounts. Thanks to his solution, companies can improve the benefits of their employees, while saving time and money. With access to a VISA card, an application, and company-defined budgets and options, each employee can choose benefits tailored to their personal needs.
Customers include PwC, Bolt, Emma - The Sleep Company, Landing.Jobs, Startup Lisboa, Rows, Paul Stricker, Velocidi, Dott and Unbabel.