Collective Benefits secures £3.3m to tackle the health insurance gap in the gig economy

HealthTech Feb 26, 2020
Collective Benefits secures £3.3m to tackle the health insurance gap in the gig economy

London-based Collective Benefits secures £3.3m to tackle the health insurance gap in the gig economy, in a round of funding led by Stride.VC, a venture capital firm targeting seed stage startups in the UK and France, alongside existing investors Delin Ventures, Insurtech Gateway and several angels from executives at Uber, Deliveroo and Urban.

Gig economy - a labour market characterised by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.

Founded in 2019 by Anthony Beilin and Benjamin Hay, the company provides company benefits for the self-employed, making it easy to attract, retain, and reward self-employed workforces.

The gig economy, characterised by a labor market that hires temporary, contracted workers instead of traditional employees, such as self-employed workers on platforms like Uber, and Deliveroo, are a rapidly growing segment of the economy and are steadily changing the manner in which we consider business and employment.

The platform seen as the first of its kind, aims to support the more than 6 million self-employed workers in the UK left under-served by traditional insurance products, offering benefits that include, family leave, sick pay, health support and critical injury pay.

Glen Smale

Glen Smale is a FullStack Software Engineer & CTO @StaffCluster with 15yrs tech industry experience. He is a freelance technology Journalist and writer @Bundupress.

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