About Bend Financial
Bend Financial provides HSA and financial wellness solutions to individuals, employers, and organizations in the group benefits distribution market.On February 16th, 2022, Bend Financial was acquired by Webster Financial. Terms of the transaction were not disclosed.
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Research containing Bend Financial
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Bend Financial in 3 CB Insights research briefs, most recently on Dec 8, 2021.
Expert Collections containing Bend Financial
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Bend Financial is included in 6 Expert Collections, including Wealth Tech.
A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Digital Health 150
2019's cohort of the most promising digital health startups transforming the healthcare industry
Track startups and capture company information and workflow.
Health Plans & Benefits Management
Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent.
Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)
Latest Bend Financial News
Feb 22, 2022
Webster Financial to acquire Boston tech company for HSA Bank February 21, 2022 10:10 pm WEBSTER FINANCIAL CORP., the parent company for Webster Bank, recently announced plans to acquire Boston-based Bend Financial Corp. to bolster its health savings account bank services. PROVIDENCE – Webster Financial Corp. recently announced plans to acquire a Boston-based technology company to bolster its health savings account bank services, according to a news release. The acquisition of Bend Financial Inc. will allow Webster to integrate Bend’s cloud-based HSA platform into its services for its own HSA Bank. Bend will continue to operate and serve its own clients under the terms of the agreement, the release stated. The value of the deal was not disclosed. It is expected to close in the first quarter of 2022. Nancy Lavin is a PBN staff writer. Contact her at Lavin@PBN.com . - Advertisement - Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber. TAGS
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Bend Financial Frequently Asked Questions (FAQ)
When was Bend Financial founded?
Bend Financial was founded in 2017.
Where is Bend Financial's headquarters?
Bend Financial's headquarters is located at 115 Broad Street, Boston.
What is Bend Financial's latest funding round?
Bend Financial's latest funding round is Acquired.
How much did Bend Financial raise?
Bend Financial raised a total of $15.02M.
Who are the investors of Bend Financial?
Investors of Bend Financial include Webster Financial, Paycheck Protection Program, Moderne Passport, .406 Ventures and RRE Ventures.
Who are Bend Financial's competitors?
Competitors of Bend Financial include Tango Health and 1 more.
Compare Bend Financial to Competitors
Lively is a Health Savings Account (HSA) platform for employers and individuals. The user-centric solution enables sign-up, payroll syncing, paperless account management, and transparent pricing.
Jellyvision provides interactive software that talks to people through important and complex life decisions, like choosing a healthcare insurance plan, saving for retirement or managing finances, in simple, engaging ways. Jellyvision's SaaS employee communication platform ALEX helps employees make better decisions about health insurance premiums, 401(k) allocations and financial wellness.
Fidelity Investments is an international provider of financial services and investment resources that help individuals and institutions meet financial objectives. Specifically, Fidelity is engaged in investment management through Fidelity Management Research Company (FMR Co) which is the investment advisor to Fidelity's family of mutual funds. Through Fidelity Brokerage Services, it serves individual investors. The firms' Fidelity Advisor or VIP mutual funds serve financial advisors. The company also offers company group retirement plans.
Optum Bank provides health savings, spending accounts, stop loss services, electronic payment, and processing services. It is based in Salt Lake City, Utah.
HSA Bank specializes in consumer-directed healthcare (CDH), focusing on Health Savings Accounts (HSAs) and serving as both the bank and administrator. HSA Bank is a division of Webster Bank.
Tango Health is a provider of Health Savings Account (HSA) management software and services. The company offers an HSA management solution that serves the needs of an employer's entire population of HSA-eligible employees. Tango Health's user-friendly, web-based software provides visibility and control over HSA management. Tango sells directly to employers, and partners with custodial banks, insurance brokers, consultants, and insurance carriers to enhance offerings.On November 17th, 2021, Tango Health was acquired by Benefitfocus. The terms of the transaction were not disclosed.
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