Revolutionizing Employee Benefits for SMEs: Is This Fintech the Game-Changer?

Key Takeaways:

• SaaS startup Xiggit is revolutionizing employee benefits for SMEs.
• The Palo Alto company offers a simplified provision of financial benefits that was previously only available to large companies.
• An innovative ‘cafeteria-like’ benefits system allows employers to set a budget for their staff’s benefits.
• Xiggit’s approach has the potential to change the game in the industries of Employee Benefits, Financial Services, Health Insurance and SaaS.
• Company links: website, Twitter, Facebook, and LinkedIn.

Founded in 2019, Xiggit has set out to re-imagine and revolutionize how small and medium-sized enterprises (SMEs) provide employee benefits. Based in Palo Alto, California, this next-gen fintech startup aims to bring ‘big company’ benefits to all workers, regardless of their employment status or the size of their employer’s budget.

Amidst the competitive industries of Employee Benefits, Financial Services, Health Insurance, and SaaS, Xiggit stands apart with its unique offering. With its services, employers with low budgets can offer their workers, whether full-time, part-time, contract, or gig workers, a broad set of high-value financial benefits.

What sets Xiggit apart is its innovative model of ‘cafeteria-like benefits.’ Unlike traditional benefits systems, Xiggit allows SMEs to set a budget for employee benefits. This approach eliminates a significant barrier that most SMEs face when attempting to provide an array of benefits to their employees. Moreover, Xiggit is the first and only company to offer such a service, showing its unique positioning and potential in the marketplace.

Moreover, Xiggit’s innovative approach extends to its ‘full buffet’ of benefits. They aim to provide a wide array of benefits to workers, reflecting the diverse needs of the modern workforce. By doing so, Xiggit helps improve the financial wellbeing of workers, a critical aspect of employee satisfaction and retention.

Looking ahead, Xiggit’s promising approach to employee benefits could herald a shift in the industry, especially within the context of the financial services and employee benefits provided by SMEs. Their innovative benefits model not only has the potential to enhance the competitive positioning of SMEs but also to significantly improve the financial wellbeing of workers.

Being a pioneer in this space, Xiggit has the potential to set a new standard for employee benefits. To stay updated on their journey, follow Xiggit on their website, Twitter, Facebook, or LinkedIn.