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Top 14 Benefits Administration Software Companies With $5M–$10M Revenue (August 2026)

As of August 2026, Latka tracks 14 benefits administration software companies with $5M–$10M in annual revenue. They have combined revenues of $92.6M and employ 968 people. They have raised $45.6M and serve 105K customers combined.

Every company below sells benefits administration software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Benefits Administration Software Companies do

Benefits Administration Software is a specialized category of software designed to help organizations efficiently manage employee benefits programs. This software typically streamlines processes such as enrollment, compliance, and record management while providing tools for reporting and analytics. By automating these tasks, organizations can reduce administrative workloads and minimize errors, enhancing the overall experience for both HR professionals and employees. Common use cases include managing health insurance, retirement plans, and other employee benefits during open enrollment periods. Typical features include self-service portals for employees, integration with payroll systems, and customizable benefit plans. The primary users of this software are HR departments, benefits managers, and payroll administrators who require a solution that simplifies their benefits administration tasks while maintaining compliance with relevant regulations.

Companies
14
Revenue
$92.6M
Funding
$45.6M
Employees
968

Filters

Sorting: Highest -> Lowest

Filters

Top Benefits Administration Software Companies With $5M–$10M Revenue

Showing 10 of 14 companies ranked by annual revenue.

1ebm logo
ebm

North Haven, Connecticut, United States

Hi, we're ebm. As a premier service provider of employee benefits technology solutions, we partner with benefit consultants, insurance carriers, and enrollment firms to streamline benefits administration, HR, and compliance processes for employers. Our Technology Toolbox provides fully outsourced services, enabling you to build a better foundation for your benefits - without all the heavy lifting - Employee Benefits Technology Implementation & Support (bswift, PlanSource, Employee Navigator, Ease) - ACA File - Consolidated Carrier Billing & Reconciliation - COBRA Administration - Dependent Verification Our agenda is straightforward: To help you win. To make life simpler. To put more time back in your day through technology-driven solutions. Ready to start your journey? Visit www.getebm.com to learn more.

Revenue
$9.5M
Year founded
2011
Team size
63
2payboy.sg logo
payboy.sg

Singapore, Singapore, Singapore

Payboy is a cloud-based payroll and HR management software that streamlines and automates essential HR processes through a unified ecosystem. As business owners ourselves, we understand the daily intricacies and problems fellow SMEs face. Therefore, we create a simple, reliable, and effective platform so that businesses can focus on bringing out the best in their people. With Payboy, an IRAS-approved Payroll Software Vendor that supports the Auto-Inclusion Scheme (AIS), you can: ✅ Seamlessly sync employee leaves, shifts scheduling, and payroll. ✅ Submit claims anytime, anywhere with our mobile app. ✅ Customise claim and leave policy that best fits your business needs. ✅ Send MOM data, IRAS data, and generate CPF files in just a few clicks. ✅ Integrate with your preferred platforms like Xero, Financio, and Quickbooks. We also recently launched Payboy Benefits, which offers businesses a wide range of healthcare options with discounted GP offerings to take care of their employees’ well-being.

Revenue
$9.1M
Year founded
2016
Team size
83
3Vericred logo
Vericred

New York, New York, United States

Developer of a data platform intended for the digital distribution of health insurance and employee benefits. The company's platform comprises plan design and rate data, provider-network data and formulary data, enabling insurtech and digital health companies to solutions for rapidly changing data that currently exists in non-standard and non-structured formats.

Revenue
$8.1M
Customers
300
Year founded
2014
Funding
$34.1M
Team size
109
4Humi logo
Humi

Canada

Humi is a cloud-based HR software that helps small and medium-sized businesses with employee onboarding, time-off management, benefits administration, and employee data management. It offers features such as automated workflows, employee self-service, and payroll integration. The goal of Humi is to streamline HR processes and improve employee engagement.

Revenue
$6.9M
Customers
4K
Year founded
2017
Team size
70
5Flimp Media logo
Flimp Media

Hopkinton, Massachusetts, United States

Provider of digital marketing communications services designed to offer corporate internal communications videos and software tools. The company's digital marketing communications services utilize a cloud software communications platform where one can quickly create, distribute and track engaging video and multimedia content, enabling large employers, HR consultants, benefits brokers, en-rollers, insurance carriers, and health care providers to deliver audio-visual presentations for employee benefits enrollment.

Revenue
$6.8M
Customers
700
Year founded
2007
Team size
93
6miter.com logo
miter.com

San Francisco, California, United States

Miter is a modern workforce management platform for construction, helping contractors build strong teams. Contractors of all sizes use Miter's cloud-based software to streamline employee onboarding, time-tracking, payroll, reporting, expense management, and benefits administration, all in one place. We are growing and hiring fast. Please reach out if you're interested in joining our ambitious, passionate team!

Revenue
$6.6M
Team size
60
7Worklio logo
Worklio

Miami, Florida, United States

Getting HR, Payroll and Benefits right every time since 2017. Worklio offers a comprehensive Payroll and HR Solution that has processed over $15 billion in payroll and taxes. Take advantage of our embedded payroll software to launch your own payroll and PEO product, boost your revenue and gain market share. We handle the heavy lifting, you get a competitive advantage.

Revenue
$6.5M
Year founded
2017
Team size
59
8Every.io logo
Every.io

San Francisco, United States

Setup your entire back office in one place with 10x better workflows using AI.

Revenue
$6.4M
Year founded
2021
Funding
$9.5M
Team size
154
9Lendtable logo
Lendtable

San Francisco, California, United States

We give employees cash advances for their 401k match and ESPP

Revenue
$6.3M
Year founded
2020
Team size
20
10Medefy Health logo
Medefy Health

Tulsa, Oklahoma, United States

Mobile application backed by human guides to help employees navigate and utilize their health plans

Revenue
$6M
Year founded
2013
Team size
72

Frequently asked questions about Benefits Administration Software Companies With $5M–$10M Revenue

How many benefits administration software companies with $5M–$10M in annual revenue are there?

Latka tracks 14 benefits administration software companies with $5M–$10M in annual revenue. Together they generate $92.6M in annual revenue and employ 968 people.

Which benefits administration software company with $5M–$10M in annual revenue is the largest?

ebm is the largest, with $9.5M in annual revenue, founded in 2011.

How much revenue does a typical benefits administration software company with $5M–$10M in annual revenue make?

The average benefits administration software company in this list makes $6.6M a year, across 14 companies with reported revenue. They serve 105K customers combined.

Who are the leading Benefits Administration software vendors with $5M–$10M in annual revenue?

Ranked by annual revenue, the leaders are ebm, payboy.sg, Vericred, Humi and Flimp Media.

How much funding have benefits administration software companies with $5M–$10M in annual revenue raised?

The 14 benefits administration software companies with $5M–$10M in annual revenue tracked here have raised $45.6M in disclosed funding between them.

Related HR Software categories

Inclusion Criteria

- Must provide tools for automated enrollment and eligibility management - Should include compliance management features to adhere to legal requirements - Needs to support employee self-service functionalities for accessing benefits information - Must offer reporting and analytical capabilities for tracking benefits costs and usage - Should integrate seamlessly with other HR and payroll systems - Not just for basic tracking; must also provide comprehensive benefits plan management tools