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Ness

Credit card company incentivizing wellcare

Ness logo
21-100 employees
  • Fintech
  • Healthcare
  • B2C
  • Retail
  • B2B
  • Enterprise
  • Marketplace
  • Credit cards
  • Wellbeing
  • eCommerce
Civic Center, New York, NY

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Company mission

To build a world where everyone can afford to get and stay healthy.

Led by a woman
Top investors

550% employee growth in 12 months

Our take

Ness aims to make traditional health insurance as elusive as its namesake Scottish monster. While health insurance providers are financially incentivized to reduce sick care costs in the short-term, Ness is developing a fintech procut to flip this equation on its head.

Ness’s first product, a consumer credit card, rewards its users for spending on wellness. For the first time, that means that both providers and consumers are aligned for the sake of preventative care purchases.

Over time, the startup is looking to add medical benefits, coverage, and essentially everything you’d look for from a health insurance plan in new credit card tiers.

To do that, Ness needs to reward all healthy actions, including fitness activities and physician visits. To start on that journey, the company will need to go through the challenging process of integrating and growing its latest acquisition - WellSet, a 4,000-person nationwide network of health and wellness practitioners.

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Steph

Company Specialist at Welcome to the Jungle

Company values

  • ✏️ Pencil It In | We move fast, try new things fearlessly, think differently, and learn from our mistakes
  • 🙏🏼 One Ness | We're all on the same team, have short memories, plus can "disagree and commit."
  • 🥓 Work Crispy | We value clear, rigorous thought, give regular feedback, and we're always prepared
  • 🦕 Embrace Your Mythical Creature | Our differences make us special. Come as you are (but no trolls, please!)
  • 👏🏽 Right Way To Win (Not The Easy Way) | We believe in doing well AND doing good

Funding (1 round)

May 2022

$15.5m

SEED

Total funding: $15.5m

This company has top investors

Leadership

Derek Flanzraich

(CEO)

Previously founded and grew Greatist into the largest health site on the Internet for millennials.

Kenneth So

(CXO)

Previously Design Lead at Uber's self-driving car simulation team. Senior Product Designer at Sequoia-backed Stella & Dot. Studied at Brown and Harvard.

Christina Gerdes MD

(Advisor)

Completed her medical doctorate at George Washington University School of Medicine and Health Science with a focus in community health.

Katherine Lynch

(COO)

Previously Chief of Staff to the COO at Oscar Health. Project Manager at D.E. Shaw. Also former US Navy.