Lancaster, United States
BeneFix is an insurTech start-up based in Lancaster, Pa., that is revolutionizing how health insurance brokers manage small group benefits. Their digital platform provides brokers with accurate quotes from major carriers in Pennsylvania and New Jersey, in minutes, through an easy-to-use interface, similar to Zillow. Founded in 2016, the company has quickly gained momentum, with a recent $6.42M Venture Round investment in August 2020.
Founder Matt Ranauro's passion for the product, combined with his previous experience in the tech industry, has been key to BeneFix's success. Having co-founded several tech companies, Ranauro experienced firsthand the outdated and cumbersome process of finding and enrolling in health insurance, prompting him to create a solution that enhances the experience for everyone.
The Insurtech industry, with its potential to modernize the traditionally stagnant health insurance sector, has attracted significant attention from venture capitalists and tech entrepreneurs. Despite being located in Amish country, BeneFix has proven that Lancaster is fertile ground for disrupting the health insurance industry's antiquated model, with over 1,000 customers and recognition as a finalist in Steve Case's "Rise of the Rest" initiative.
