Employee perk stipend firm snags $13m in funding

Compt founder and CEO Amy Spurling described the motivation behind the development. “The world of employee perks has always been a tough one for finance professionals,” she told Mortgage Professional America. “As a three-time former CFO, I have had many, many conversations with HR leaders about the challenge of needing to offer perks to compete for talent while simultaneously trying to comply with tax law and stay on a budget.”

Challenges have only grown as companies have moved to remote-first or hybrid models, Spurling explained: “Employees have seemingly unlimited options for where they can work, so it is imperative companies listen when employees demand personalization in their employee perks,” she said. “The old days of offering a few discounts that no one used or a couple of cool perks just don’t cut it when every employee expects to be treated as an individual.”

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Overall, Spurling said, Compt enables perk stipends across twenty categories and sees an average of 91% employee engagement and 97% account activation in companies using its software. HR teams are navigating a categorical shift in how they deliver corporate perks, she added. Today, as the concept of “the office” has evolved, many companies are moving to offer a wider range of more-flexible perks that can be customized for each employee and accessed offsite, Spurling noted.

“We built Compt to be a streamlined solution to fit everyone’s needs,” Spurling said. “We help ensure every person can receive individualized support, and we manage tax and budget compliance to alleviate the administrative burden for HR and finance professionals,” she added, labeling the latter as typically “the leanest teams in a company.”