Spain’s Cobee raises €2.1M for its employee benefits app and payment card

Cobee, a fintech startup and developer of its flagship employee benefit management mobile app-and-card, has recently announced a successful €2.1 million pre-Series A funding round.

The round was co-led by Speedinvest and Target Global. Other backers include Chris Bouwer (an early employee of Adyen) and existing investors Encomenda Smart Capital, BStartup (Banco Sabadell), Lanai Partners and Abac Nest.

Founded in 2018 by Borja Aranguren and Daniel Olea, Cobee aims to help employees “leverage better economic performance” from their salary via a range of employee benefits and discounts offered through the platform. These are managed within the Cobee app and redeemed through use of the Cobee payment card.

The draw for companies signing up is that Cobee already claims its platform has higher engagement than many existing employee benefit programmes. And by being a fully digital and automated solution, there is considerably less administration needed to manage the programme.

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