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, GFC, Portage Ventures, Refactor Capital, RiverPark, and Atypical.
The company intends to use the funds to grow the product, team, userbase, and commitment to credit and compliance.
Founded by Derek Flanzraich, Ness is a fintech company that offers credit cards to reduce the cost of 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.
Next, the company is launching a suite of credit cards to accelerate those rewards and give cardholders exclusive access to benefits from their favorite health and wellness brands. Ness plans to even offer medical benefits, supplemental insurance, and comprehensive health insurance on top of its credit cards to reward consumers for living healthy with more healthy living, shift their spend for the better, and reduce the cost of wellcare for all.
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