The lending space has always disproportionately affected minorities: Lenders deny mortgages for Black applicants at a rate 80% higher than that of white applicants, according to 2020 data from the Home Mortgage Disclosure Act. Lim watched her struggle to make ends meet, living paycheck to paycheck and relying on last-minute loans from employers when money got tight. Active, Closed, Last funding round type (e.g. This feature is in beta and may change with future updates.
Ren has been working part-time at NGPF since 2014, interning through high school and college. The experience helped Lim realize the importance of feeling in control of your financial life. Lorem ipsum dolor sit amet consectetur adipisicing elit. SaaS, Android, Cloud Computing, Medical Device). Financial literacy is a barbed wire for people like me. 113 million Americans have no access to affordable credit and financial setbacks have become the biggest contributor to personal stress, creating a downward spiral at home and in the workplace. But when you hit rock bottom, there's nowhere to go but up from there.. Our Who isnt!? In the beginning, Lim and her co-founders bootstrapped HoneyBee before raising pre-seed capital in 2017. HoneyBee is a Certified Benefit Corporation with the mission to address financial insecurity in the workplace. During the pandemic, when the need for its offering was even greater, HoneyBee signed over 60 mid-markets companies as customers and is launching with Fortune 500 companies later this year. 2022 Financial Health Network | All Rights Reserved.
I also like the layout, which is easy on the eye, more attractive and efficient. His previous work felt very transactional; at HoneyBee an approval of a $400 loan for an employee matters. But after seven years, she and her husband did divorce, an event that proved to be much more fiscally devastating for Lim. Honeybee financial wellness is involved in the industry of financial services. 
Uses an employees salary, employment tenure, and accrued PTO as their credit. Data from Harmony Healthcare IT reveals that nine out 10 Americans struggle to get a good nights sleep, but not for lack of trying. Can't find personal emails with Hunter.io?Connect with any company using Kendo. When I tried RocketReach and to find business information about key people in seconds in an easy and seamless process, I was hooked! Intelligence, Privacy
Both in the scope of the searches, and in the number of accurate emails found, I find it surpasses others. Curriculum Announcements: Semester Course Update Roadmap! Silicon Valley and FinTech especially is mostly male dominated, she says.
Those stories have helped HoneyBee attract top talent like Balmas, who previously worked in the student loan sector for nearly three decades. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!).
PerformRx is a unique pharmacy benefits management plan that marries a professional commitment to superior care. {{ userNotificationState.getAlertCount('bell') }}. Enter employee name to find & verify emails, phones, social links, etc. What is Honeybee Financial Wellness's Revenue?
What is Honeybee Financial Wellness's NAICS code? Great for building a list of leads. .getTime()); Powerful Sales A screenshot to a staff directory page (Note: The directory page must clearly list the email address you used to sign up for the NGPF Teacher Account). Original research by EBNs parent company, Arizent, shines a light on the many motivations driving employees to walk out the door.
There are plenty of ways to make them want to stay.
What is Honeybee Financial Wellness's phone number? With RocketReach, youll find the right customers while gaining key insights into current company data and statistics. After having led HoneyBees sales team for the companys earliest formative years, Lim was elevated to the role of CEO in July of 2019, a transition she didnt take lightly. Take the quiz to quickly find the best resources for you!
Provides the financial counseling that employees need in order to get on a healthy financial path. But it was frustrating for us to have to wait for people to accept our connection requests (if they accepted them at all) and sending is too expensive..this was a major speed bump in our workflow and source of never ending frustration.. With the shear number of contacts we've been able to find using RocketReach, the platform has probably saved us nearly five years' worth of waiting. That support could come in the form of employer-sponsored no-cost rainy day funds and on-demand financial therapy with the goal of creating a healthier workforce environment.. That's important to me., Because Energage is a software company with comparatively high wages, many of its employees dont need to utilize HoneyBees loaning services, according to Sordilla. Tech and healthcare positions are in the lead as the most in demand fields as the workforce begins to reflect the last two years. Complete the form below to access exclusive resources for teachers.
Get started for free, then add your whole team. By continuing to use our site, you acknowledge that you have read, understand, and accept our, Honored by Inc. Magazine as a top female founder, Terms and All I knew about my finances was to save every dollar and not to look at my bank account..
Buyer intent data, anonymous visitor identification, first party data integration backed by a massive contact database that will supercharge your sales team. That way, those in need can avoid the use of more traditional banks, which often penalize BIPOC borrowers through high interest rates and the inability to bolster their credit score.
And when I think of my mom growing up, I wish shed had somebody to rely on as well.. It makes you accountable for all of those very important key factors in developing a diverse start-up.. your info here, 2:28~4:00 Deciding to study finance and marketing in college, 4:00~7:07 Early jobs leading to the desire to start an organization, 8:56~11:37 How HoneyBees model has changed over time, 12:08~16:17 Benefits for companies using HoneyBee, 16:17~19:09 Offering an alternative to predatory payday loans, 19:09~21:03 Educating users on personal finance, 21:03~24:00 Experience fundraising as a female founder, 24:00~25:40 Best investor meeting Ennie ever had. I speak to so many women, she says. Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. That kind of feedback is music to Lims ears, and proves her long-ago hunch to be right: That plenty of people from plenty of socioeconomic backgrounds are craving a reliable and emotionally safe space to prioritize their personal finances. The statistics surrounding financial literacy and the significant gap for women hit home for Lim, who knows how much misinformation can impact a woman in a situation like hers. HoneyBee is the first fintech platform to allow all working Americans, regardless of their credit history, to borrow against their accrued paid time off at no monthly interest to help with short-term cash flow and unexpected expenses. HoneyBee is the first fintech platform to allow all working Americans, regardless of their credit history, to borrow against their accrued paid time off at no monthly interest to help with short-term cash flow and unexpected expenses.
Speedco provides lubrication and tire services for the trucking industry. Time-lapse video: What inflation really looks like since January of 2020, Budgeting Activity: The Bean Game and some extension ideas, Awarded one of the top Personal Finance Blogs. All rights reserved. Listen as she describes how HoneyBee's products and services increases financial wellness in the workplace through a combination of a "rainy day fund" and financial education. Power up your marketing and get people to pay attention to your business, pursuit, or clients.
Employers should play a much bigger part in making sure that they can provide equitable and inclusive solutions, Lim says. Resolute Ventures, Afore Capital, Rebalance Capital, K50 and Financial Venture Studio also participated in the financing, along with two-time NBA all-star Baron Davis.
Financial wellness is more than just a trendy buzzword to Ennie Lim. Finding emails for contacts turned into a one-and-done instead of a week long process. Keeping her own in mind, Lim knew the importance of accessible financial wellness platforms for all demographics. holding your teacher badge (or any other documentation that indicates you are a teacher). 2022 F6S Network Limited. Trusted by over 12.4 million users and 95% of the S&P 500.
Introduced in 2016, the HoneyBee PTO Loan allows 125 million working Americans to access funds at no interest when faced with unexpected expenses.To learn more about the PTO loan, please visit www.ptoloans.com, Headquarters: 660 4Th St Ste 235 Suite 600, San Francisco, California, United States, Honeybee Financial Wellness's Social Media. A picture of you (think selfie!)
Investors give Baltimores Facet Wealth $25 million to sell businesses on financial planning as a benefit. RocketReach has given us a great place to start. Sign up to receive updates on the Financial Solutions Lab, companies, and more.
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Our workflow has solid direction now - we have a process in place the begins with RocketReach and ends with huge contact lists for our sales team..it probably saves Feedtrail about 3 months of work in terms of lead gathering. Together, the trio created and launched HoneyBee in 2016, the first service of its kind that charges companies a premium and provides loans directly to employees at 0% APR.
Find personal and business email addresses with one click. Powers clientsG direct marketing programs providing customer contact data and innovative data solutions. Perfumania operates over 370 discount retail stores throughout the United States and Puerto Rico. Empower your sales teams to reach the right decisions makers directly, using the most accurate and up-to-date emails, phone numbers and social media links. We are solving a massive economic disparity and were leveling the playing field in the workplace by reducing the financial literacy gap and providing access to credit to people that need it most, Lim said. Head Of Compliance, Partnerships And Customer Success. Amidst this pandemic, when employers were cutting budgets, furloughing, laying off, reducing hours and salaries, we started to see a shift in their buying behavior to address financial health, Lim said. View contacts for HoneyBee to access new leads and connect with decision-makers. Honeybee Financial Wellness's official website is meethoneybee.com. Over 300 to choose from with authors, educators, domain experts, students and entrepreneurs like Ennie. The good news? Never wanted to put our mind in that state., Read More:How one employee went from financial stress to financial security. HoneyBee believes that employers can be part of the solution by offering benefits that fit diverse employee needs.
As a woman and a person of color, Lims experience is hardly unique. team will review your account and send you a follow up email within 24 hours. In. The bottom line is that it has been a effective tool in my work, as a non-profit reaching out to leadership. WalletHub ranked the economies of all 50 states and the District of Columbia on racial equality based on factors like its unemployment rate and poverty rate.
Share tips or get advice from the NGPF community: The life-changing impact of a personal finance course: Tools to promote personal finance at your school: Documentary supporting personal finance education: This site uses cookies to deliver our services, to understand how you use our site and to improve your experience. Honeybee Financial Wellness's Headquarters are in 660 4Th St Ste 235 Suite 600,San Francisco,California,United States. At the end of the day, Balmas says he feels like his work is contributing to something great. The process was brutal, Lim recalls: they pitched more than 100 VCs and were down to $200 in their bank account when they finally got their first check from investors. The app: 78% of employees with high financial stress say it impacts them at work. We can help [employers] make sure that a diverse workforce has the tools they need so that they feel they belong.. People come from different socioeconomic backgrounds and they're not going to talk about it at work, but that's the reality.. The Los Angeles-based Certified B Corp describes itself as a B2B financial technology company that is on a mission to give employees and their families free access to financial support in the workplace as a benefit. A social entrepreneur with a breadth of experience sales, fundraising, brand marketing and hustling, Extremley efficient in handling day-to-day operations with a passion for product and design.
Unlike long virtual or in-person learning programs, which often provide a lot of information in single sessions, microlearning favors brief sessions with interactive elements to promote better learning and retention. We can divert our attention to actually going after the customer now! We will continue to grow, she says. Benefit providers that support womens and family health tell Employee Benefit News what the Roe v. Wade ruling means for their business, and how they plan to support their employees and clients. So when longtime friends Benny Yiu and Max Zschoch approached her with a prototype idea to provide financial support through the employer channel, she used her own experience to create the framework that would serve a future client base. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance. Save time, increase student engagement, and help your students build life-changing financial skills with NGPF's free curriculum and PD. Ive benefited so much from just having an accountability partner in my coach and having someone to help me think about things differently., Read More: How this flight attendant improved her weight and wellness with her employer's help. My credit was negatively impacted to the point where I found myself unable to get access to any affordable credit, she recalls. The participation rate for teens in the job market last month increased to 42.9%, the highest for any June since 2009. SpeedLine provides software solutions that deliver new efficiency and insight. The company plans to use its new capital in part to grow its sales, engineering, and customer success team. It was really intimidating, says Lim, who developed a warped perception of financial stability. Honeybee Financial Wellness is in the industry of Financial Services. , Its important to acknowledge that people come from different socioeconomic backgrounds. At age nine, Lim and her family immigrated to Montreal, Canada, from Malaysia. process is I just wished that Id had the ability to ask for help, she says, reminiscing on the events that led her to where she is today. Honeybee financial wellness has approximately 11-50 employees. Honored by Inc. Magazine as a top female founder, Ennie has created a business at HoneyBee that combines the best of fintech while retaining a socially oriented mission. That commitment to closing the diversity gap drew Lisa Sordilla, VP of HR at HR technology solution platform Energage, to roll out HoneyBee within her own department. Providing easy access to money and education will result in a happier, healthier, productive workforce..
Its a hard-to-reach goal thats consumed and defined her entire life. Honeybee Financial Wellness's phone number is +1 415-975-0852. We had no where to begin. It affects your self-esteem, happiness and personal relationships and it made me want to help others take control of theirs, she said. He is also the editor of the NGPF podcast. My two co-founders have been my number one support in all of this.. It was a really humbling experience, she says. Unexpected expenses can have an outsized impact on employee financial health. The varying levels of financial illiteracy is an issue we can no longer ignore.. With our advanced search, you and your team can quickly nail down the strongest prospects and ensure that you're going to find the best fit. aims to help companies provide access to financial support to their employees, announced today it has raised $5.7 million in equity in a round led by FFVC. Has provided an average cash flow increase of 10.74% to its borrowers, per HoneyBees 2018 Social Impact Report.
Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. After moving to the United States in 2011 at the age of 26, Lim was what is known as credit invisible, a term coined to describe individuals who have no credit history with any of the three major credit bureaus Experian, Equifax or TransUnion and is therefore unable to prove any creditworthiness. That was important for me because it really requires us to balance purpose and profit but also having diversity on our team and making sure theres diversity on our board and investors. Stressed about money? What is Honeybee Financial Wellness's Industry? Our data is constantly growing, always providing you with the freshest and most up-to-date leads. The real value of HoneyBee at Energage instead lies in its coaching opportunities because financially stable doesnt always mean financially knowledgeable., I use financial coaching myself, Sordilla says.
Forced to restart her financial journey from scratch, Lim moved into her parents basement back in Montreal. Financial access alleviates stress in the workplace especially when they are working hard to make ends meet to support their family. Not everyone has faced financial challenges, Lim says. Our storyteller is Ennie. HoneyBee, a startup that aims to help companies provide access to financial support to their employees, announced today it has raised $5.7 million in equity in a round led by FFVC. latest updates from NGPF in your inbox by subscribing today: Interactive: Can you draw these logos from memory? Honeybee Financial Wellness's NAICS code is 523110, How many employees are working in Honeybee Financial Wellness, Honeybee Financial Wellness has 13 employees. HoneyBee is a Certified Benefit Corporation, empowering HR leaders to attract new talent and improve retention with a best-in-class supplemental financial wellness program that meets the financial needs of the modern-day workforce. And finance is the main reason why they're not getting divorced because theyre afraid of what will happen to them after.. Organize your contacts with fully customizable lists and integrate with your existing CRM or ATS for seamless workflow. Read NGPF's school-by-school analysis of financial education in America today, You will be inspired by Ennie's story of how her own personal financial challenges motivated her to start HoneyBee.
F6S is a registered trademark. We are solving a massive economic disparity and were leveling the playing field in the workplace by reducing the financial literacy gap and providing access to credit to people that need it most, Lim said.
