Ness Raised $15.5M in Seed Capital

Ness, a New York-based fintech company building credit cards limiting the cost of wellcare, raised $15.5M in Seed funding.

The round was led by Will Ventures with participation from Core Innovation Capital, Accomplice, Digitalis, GFCPortage Ventures, Refactor Capital, RiverPark, and Atypical.

The company plans to use the funds for product development, team growth, user base expansion, credit and compliance commitments.

Ness, founded by Derek Flanzraich is a fintech company offering credit cards to lower the cost for wellcare. The Ness Rewards App allows consumers to earn points for the spending they’re already doing on their health. Eventually, all “healthy actions”—from fitness activity to physician visits—will be rewarded. Today, consumers can redeem these points for offers at wellness brands like Sweetgreen, Thrive Market, Barry’s Bootcamp, and more. In addition to this funding, Ness is also announcing the acquisition of WellSet’s 4,000-person nationwide network of practitioners.

The company will launch a series of credit cards that will accelerate the rewards and allow cardholders to enjoy exclusive benefits from their favorite wellness and health brands. Ness will offer comprehensive insurance, supplemental insurance and medical benefits on top of its credit card to reward customers for being healthier, reduce their spending, and increase the value of health care.

The founding team also includes:

  • Christina Gerdes (Co Founder & Chief Medical Officer),
  • Katherine Lynch (Co Founder & Head of Business Operations), and
  • Kenneth So (Co Founder & Chief Experience Officer) among others
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