Fringe is a lifestyle benefits marketplace that allows employees to self-select personalized benefits tailored to their individual needs, including stipends for childcare, food delivery, and wellness services. This platform consolidates various employee benefit programs into a single solution, reducing administrative burdens and potentially saving companies up to 80% on their employee experience budget.
Funding
$28.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many companies struggle to offer employee benefits that cater to the diverse needs and preferences of their workforce, leading to low engagement and inefficient allocation of resources. Managing multiple benefit programs can be administratively complex and costly, often resulting in underutilized benefits and a diminished return on investment.
Solution
Fringe provides a customizable lifestyle benefits marketplace that allows employees to select the perks and services that best fit their individual needs and preferences. The platform consolidates various employee benefit programs, including stipends for childcare, food delivery, wellness, and travel, into a single, user-friendly solution. By empowering employees to choose their own benefits, Fringe increases engagement, boosts morale, and promotes a sense of value and appreciation. The platform also streamlines benefits administration, reduces overhead, and enables companies to optimize their employee experience budget.
Target Audience
Fringe is designed for HR and people teams looking to enhance employee wellbeing, improve retention, and attract top talent by offering personalized and engaging benefits.
Features
- Personalized benefits marketplace with a wide range of lifestyle perks and services
- Stipend-based system that allows employees to allocate funds to their preferred benefits
- Consolidated platform for managing multiple benefit programs, including rewards & recognition and peer-to-peer giving
- Global accessibility, enabling companies to offer relevant benefits to remote and international teams
- Integration with existing HR and payroll systems for seamless administration
- Reporting and analytics tools to track benefit utilization and measure ROI
- Customizable branding options to align the platform with company culture