Clasp

Clasp is hiring 🔗🤍 As Clasp is nearing its first birthday, we're excited to open up positions on both our founding eng and ops teams! Throughout this year, we've been fortunate to work with our platform and broker partners to provide infrastructure that not only offers a great experience to end employers and their employees, but also delivers better insurance services to overlooked and underserved markets. Being in this space, you quickly become accustomed to healthcare model and subsequent health insurance debates, which often become more philosophical than tactical. However, it's critical not to overlook the fact that many folks (and entire industries!) still lack good health insurance services and knowledge, and many brokers, due to restrictive systems, aren't able to support their members to the best of their capabilities. If fixing the above alongside our awesome team and partners is something that resonates with you, please reach out or apply!

If financial products like bank accounts, investments, and payments can be easily embedded in software, why should employee benefits be any different? Last week we announced that Clasp chose Noyo as their benefits data partner as they bring their new embedded benefits solution to market. See how Noyo’s technology is powering the future of embedded benefits with partners like Clasp 👉 https://hubs.la/Q02v53xF0

We're thrilled to partner with Noyo to expand our network of supported carriers! Clasp makes it easy to build and launch a benefits offering from scratch. Our partnership with Noyo ensures that the data we send to carriers is clean, structured, and delivered swiftly, streamlining the entire enrollment experience for our customers. 🚀🚀🚀

🧩 New Base10 market map - and portfolio company! Embedded software platforms are the infrastructure providers that allow companies to launch multi-product strategies faster, better, and easier than with dedicated in-house resources. These are often distributed through a vertical software or marketplace platform, allowing companies that have existing distribution and end customer relationships to offer additional product capabilities without having to own the core infrastructure. For software buyers, working with embedded software partners to launch additional products expands revenue capture opportunities, increases customer retention, and improves speed to market. Today, Base10 Partners is thrilled to be welcoming an Embedded Benefits business, Clasp, to the Base10 family. Co-founders Amar Jasarbasic and Zach Zhang have built an exceptional product in a short amount of time. Amar and Zach first met during their college years in Canada while interning at Shopify, then reunited again in 2021 as early employees at Check, which is a leader in Embedded Payroll. At Check, Amar and Zach worked closely with customers to help them build and launch their payroll products, and discovered a pain point that an embedded benefits provider like Clasp could solve. The product they envisioned didn’t exist…so they built it! From health plan selection and digital enrollment to automating payroll deductions and ACA compliance, Clasp abstracts away all the complexity of building out benefits administration functionality from scratch. Employee benefits open up new revenue streams for these platforms and enable them to stay competitive against horizontal solutions that typically bundle HR, payroll and benefits together. Multi-product vertical software businesses can use Clasp to add benefits to their existing platforms, allowing them to consolidate workflow and spend for their existing customers, as well as win larger upmarket customers that require benefits administration. Please join me in congratulating Amar and Zach on the official launch of Clasp. Read more about Clasp, Amar, and Zach in Axios here: https://lnkd.in/gftbR2EX

🧩 NEW MARKET MAP - and portfolio company! Embedded software platforms are the infrastructure providers that allow companies to launch multi-product strategies faster, better, and easier than with dedicated in-house resources. These are often distributed through a vertical software or marketplace platform, allowing companies that have existing distribution and end customer relationships to offer additional product capabilities without having to own the core infrastructure. From payments to benefits to payroll and messaging, embedded software products bridge existing integration apps, clunky native APIs, and expensive home-grown solutions so that software buyers can more easily launch additional products, expanding revenue capture opportunities, increasing customer retention, and improving time to market. Base10 recently led a round of funding into Clasp, an embedded benefits provider. From health plan selection and digital enrollment to automating payroll deductions and ACA compliance, Clasp abstracts away all the complexity of building out benefits administration functionality from scratch. Employee benefits open up new revenue streams for these platforms and enable them to stay competitive against all-in-one solutions that typically bundle HR, payroll and benefits together. Welcome Clasp to the Base10 family, and check out all these other great businesses building Embedded Software Products in our latest market map: Amar Jasarbasic Zach Zhang Caroline Broder Puzzle 🧩🚀 Cover Genius Rippling Finch Merge Pinwheel Check Pipe Ramp Melio Qover Herald LayerFi software Twilio Pomelo Stripe Stitch