Alegeus: Enhancing Employee Support
Job security, financial stability and health concerns are top of mind for everyone as COVID-19 unfolds. As employees manage much more than just their work life, companies play a critical role in supporting their workforce during the pandemic. Alegeus is helping companies enhance support through its Employee Care Card program.
With the Employee Care Card, employers can provide financial aid to their employees as they navigate the crisis, with more visibility and control over how funds are used compared to cash or gift cards. Employers can determine the amount they wish to contribute per employee and designate funds for certain critical spend categories such as groceries, home office supplies or education supplies. Employees receive the relief funds through a debit card that is supported by an online experience to check their balance and view transactions.
Explore the Alegeus COVID-19 Resource Page.
Year of Investment: 2018
Portfolio Status: Current
Headquarters: Waltham, MA
Supporting 30MM+ Consumer Lives
Leading provider of consumer-directed healthcare software solutions.
Alegeus is a SaaS platform for the management of consumer-directed healthcare benefit accounts including FSAs, HSAs, HRAs, wellness incentives, dependent care and commuter accounts. The Company’s platform helps consumers maximize savings and optimize spending for their healthcare accounts through debit cards and other engagement solutions. Alegeus has over 300 clients including health insurance plans and third-party administrators who manage benefit accounts for more than 30 million members and process more than $9.1 billion in consumer healthcare payments annually.
Alegeus was founded in 2012 and is based in Waltham, MA, with operations in Orlando, FL, and Milwaukee, WI.
Vista Equity Partners Fund VI acquired Alegeus in September 2018.