Compt
Compt provides a reimbursement-based Lifestyle Spending Account (LSA) and stipend management platform for HR teams. The vendor-agnostic software automates tax treatment, integrates with payroll systems, and supports employers across 60+ countries with optional add-on modules.
- Company typePrivate
- Founded2016
- HeadquartersCambridge, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Compt does
Compt is a perk management software company that provides a reimbursement-based Lifestyle Spending Account (LSA) and stipend management platform for HR teams. Founded in 2018 and headquartered in Cambridge, Massachusetts, the company operates as Compt Inc., a Delaware-incorporated, privately held business. The platform allows employers to define eligible spending categories, automate taxable-versus-nontaxable classification per IRS guidelines, and deliver reimbursements through existing payroll systems (notably ADP and Rippling, with daily eligibility syncing from customer HRIS). Employees submit receipts via Slack, mobile, or web, and the system is vendor-agnostic — no prefunding, no stored-value cards, and no minimum spend. The product suite centers on the core LSA platform and includes six add-on modules: Rewards & Recognition, Professional Development Pro, Employee Discounts, Company Swag Store, Employee Experience, and Expense Management.
The underlying technology relies on AI-powered receipt verification that matches vendor, amount, and purchase date against policy rules, complemented by configurable guardrails (auto-approval rules, vendor-level controls, merchant blocking) and automated IRS-compliant tax treatment. Compt reports a 93% average employee participation rate across its customer base against an industry baseline of 50%, with a sub-1% transaction rejection rate in 2025, and supports operations in all 50 U.S. states and 60-75+ countries. The platform is SOC 2 Type II certified, ISO 27001 compliant, GDPR and CCPA aligned, and includes appointed EU and UK Article 27 representatives, positioning it for enterprise and multinational procurement. Named customers include Quickbase, Fictiv, MasterClass, VTS, ButterflyMX, Jellyvision, and Carrot Fertility.
Compt operates a hybrid go-to-market combining product-led self-serve onboarding with demo-based enterprise sales and a benefit broker/consultant channel partnership motion. Revenue is generated through monthly subscription pricing tied to actual employee usage, with no public pricing tiers disclosed. The company has raised approximately $16.5 million in total disclosed funding, including a $13 million Series A in April 2022 led by Battery Ventures, with participation from Harlem Capital Partners and Slack Fund. Earlier rounds include a ~$1.5M seed in May 2020 (Harlem Capital, Impellent Ventures, Slack Fund) and a $1,000,002 exempt offering in July 2021. The leadership team is anchored by founder and CEO Amy Spurling, with Sarah Bedrick (VP Marketing, ex-HubSpot Academy) and Joe Alim (VP Product and Ops, ex-ScholarJet co-founder) rounding out the senior bench.
Compt firmographics
Firmographics- Name
- Compt
- Legal name
- Compt Inc.
- Website
- https://compt.io
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Compt provides a reimbursement-based Lifestyle Spending Account (LSA) and stipend management platform for HR teams. The vendor-agnostic software automates tax treatment, integrates with payroll systems, and supports employers across 60+ countries with optional add-on modules.
- Ownership category
- akta.pro rank
Compt industry classification
Industry- Product category
- Employee Benefits Administration Software
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Flexible Benefits Administration (FSA/HSA/HRA) (HLAEALAK)
- akta.pro secondary industries
- Garnishments, Levies & Wage Withholding Administration (BPAAAHAG), A2A Payouts & Disbursements (FSAMAFAG)
Keywords
Where Compt is headquartered
LocationHeadquarters
- HQ city
- Cambridge
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Compt business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Platform subscription / per-employee billing: Companies pay for the Compt platform to manage stipends and LSAs. The model is reimbursement-based with no prefunding required - companies only pay for what employees actually use.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | No upfront costs; pay only for actual employee usage |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Compt product offering
Product offeringCore offering
Compt sells a reimbursement-based Lifestyle Spending Account (LSA) and stipend management platform that lets employers define eligible spending categories, automate taxable vs. nontaxable treatment per IRS guidelines, and route reimbursements through existing payroll systems. Employees submit receipts for any eligible vendor; HR configures policy guardrails, auto-approval rules, and merchant blocking, with no prefunding or prepaid cards required.
Product overview
Compt offers a reimbursement-based LSA and stipend management platform — a single system that allows HR teams to define eligible spending categories, automate tax treatment per IRS guidelines, and deliver reimbursements through existing payroll. The platform's core is the LSA & Stipend Management Platform, around which additional modules orbit: Rewards & Recognition, Professional Development Pro™, Employee Discounts, Company Swag Store, Employee Experience, and Expense Management. All modules can operate independently or together, sharing a common admin dashboard, payroll integration layer, and audit trail. The platform is vendor-agnostic (employees choose any eligible vendor), reimbursement-based (no prefunding or card required), and globally accessible (operates in all 50 US states and 60+ countries).
Differentiator
Problem solved
Functional benefit
Products and services
- Lifestyle Spending Accounts (LSAs) & Stipends
Quantifiable outcome
- 93% average participation rate vs. 50% industry average without a platform
- +6 more outcomes
Companies that use Compt
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Compt technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
Compt partnerships and signals
Strategic signalScale indicators9 records
Recent moves7 records
Expansion highlights6 records
Compt competitors and assessment
Company assessmentDirect peers
- Forma: Forma is a direct competitor in the LSA and flexible stipends category, offering similar reimbursement-based lifestyle benefits for enterprise and SMB customers — making it the closest head-to-head competitor to Compt.
- ThrivePass: ThrivePass provides Lifestyle Spending Account and employee benefits administration software with similar reimbursement workflows, directly overlapping with Compt's core LSA and stipend offering.
- Benepass: Benepass is a venture-backed LSA platform letting employers offer flexible lifestyle benefits; it competes head-on with Compt in serving enterprise and mid-market HR teams.
- Fringe: Fringe offers a perks and lifestyle benefits platform with flexible stipends and rewards, positioning it as a direct alternative for the same HR buyer Compt targets.
- PeopleKeep (Zane Benefits): PeopleKeep provides benefits administration software including stipend and reimbursement management for SMB employers, with overlapping functionality in flexible benefits and tax-compliant reimbursements.
Emerging players
- Wellable: Wellable is a wellness benefits platform with stipend/reimbursement components; it overlaps with Compt's health & wellness use cases but is more focused on traditional wellness programming.
- Bonusly: Bonusly is an employee recognition and rewards platform; it competes with Compt's Rewards & Recognition module and adjacent to the broader lifestyle-benefits buyer.
Broad incumbents
- Rippling: Rippling is a broad HCM/payroll incumbent that integrates with Compt for payroll runs but could in principle bundle native stipend/LSA functionality, representing both a partner and a competitive threat.
- ADP: ADP is the dominant US payroll/benefits incumbent and a core integration partner for Compt; its scale, broker relationships, and emerging benefits-administration features make it a broad incumbent to monitor.
- Workday: Workday is a large enterprise HCM platform that anchors HR-system decisions at large customers; it could expand into native LSA/stipend capabilities that overlap with Compt's enterprise offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Compt social profiles
Digital presenceCompt compliance and trust
Trust signalCompliance4 records
Compt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Compt leadership team
Management profileNumber of profiles
Profiles3 records
Compt funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Compt M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Compt
What does Compt do?
Compt sells a reimbursement-based Lifestyle Spending Account (LSA) and stipend management platform that lets employers define eligible spending categories, automate taxable vs. nontaxable treatment per IRS guidelines, and route reimbursements through existing payroll systems. Employees submit receipts for any eligible vendor; HR configures policy guardrails, auto-approval rules, and merchant blocking, with no prefunding or prepaid cards required.
Is Compt a public or private company?
Compt is a private company. It is classified as venture growth investor backed and is currently operating.
When was Compt founded?
Compt was founded in 2016. It employs 11 to 50 people.
Where is Compt based?
Compt is headquartered in Cambridge, United States, in the North America region.
How does Compt make money?
One revenue line is on record: platform subscription / per-employee billing.
Who are Compt's main competitors?
Direct peers on record are Forma, ThrivePass, Benepass, Fringe and PeopleKeep (Zane Benefits). Emerging players are Wellable and Bonusly. Broad incumbents are Rippling, ADP and Workday.
Does Compt have an API?
No public API is recorded for Compt.
What industry is Compt in?
Compt's product category is Employee Benefits Administration Software. Its primary akta.pro industry code is HLAEALAK, Flexible Benefits Administration (FSA/HSA/HRA), with a secondary code of BPAAAHAG, Garnishments, Levies & Wage Withholding Administration. Its NAICS code is 524292 and its SIC code is 6199.