Coverflex
Year2023
RoundSeries A
Amount$16.3M
Overall
Summary
14 slides
14 slides
1 slide
Introducing Coverflex, the compensation operating system designed to modernize employee benefits and streamline compensation management.
1 slide
We are raising 15 million euros in our Series A to establish ourselves as leaders in the employee banking category, showcasing substantial growth and retention metrics.
1 slide
Our mission is to empower businesses by enhancing employee engagement through a personalized compensation experience, building a more effective economy.
1 slide
Companies struggle to efficiently manage employee compensation, which leads to dissatisfaction and a lack of retention in a competitive talent market.
1 slide
Coverflex provides a middleware solution that enables companies to offer personalized and flexible compensation options to their employees.
2 slides
Our employee wallet integrates various benefits, including insurance and discounts, delivering a holistic compensation experience.
1 slide
The labor cost sector represents a massive untapped opportunity estimated at over 38 trillion euros globally, with a substantial target market in European SMBs.
2 slides
We've achieved remarkable traction with 28% month-over-month growth and a recurring revenue model that demonstrates strong retention metrics.
1 slide
Our customer acquisition strategy focuses on HR professionals in SMBs, utilizing targeted campaigns and community engagement.
1 slide
The European employee benefits market is growing rapidly, and with no major newcomers in Italy, we see an opportunity to lead in this sector.
1 slide
Our experienced team of operators and industry experts is uniquely positioned to drive the growth of Coverflex.
1 slide
We are seeking 15 million euros to expand our operations, engineering capabilities, and market presence, aiming for significant revenue growth by 2024.
