Dublin-based Kota snaps €5 million to make it easier for employers to cover employees’ benefits
Summary
Kota is first to market with a platform that is automating workflows through data synchronisation and reconciliation, integrating with top-tier health, life and pension providers, and ultimately, delivering employees access to the benefits that they deserve.” Companies of all sizes are under pressure to do more, with fewer resources. “Previous attempts at bringing the employee benefits market to the 21st century have all fallen short, and there’s a tendency in this industry to follow a ‘tech-enabled’ rather than a ‘tech-first’ approach,” commented Naza Metghalchi, Principal at EQT Ventures. With connections to both local and global providers, they’ve made enrolling, scaling and managing team benefits anywhere in the world as effortless as ordering dinner online, initially focusing on Europe. We’ve been impressed with Luke, Patrick and Deepak’s ability to ship fast, and are excited for them to execute their long term vision.” Kota is run by a fintech and product focused team of operators and insurance veterans from companies like Bolt, Wayflyer, MetLife, Truelayer and Smart Pension. Co-founded by Luke Mackey, second-time founder and a former country manager at mobility giant Bolt, Patrick O’Boyle former CTO at Bamboo, and Deepak Baliga, who led engineering teams at unicorn Flipdish.