Bend Provides Next-Generation Health Savings Accounts to Real Estate Companies, Operators and Contractors

Moderne Ventures Selects Bend to Provide Next-Generation Health Savings Accounts to Real Estate Companies, Operators and Contractors

BOSTON, Feb. 27, 2020 /PRNewswire/ -- Bend Financial (Bend), provider of a platform that helps improve individual financial wellness and corporate benefit offerings, today announced its acceptance into Moderne Ventures' 2020 Passport Program. Under the new partnership, Bend will expand its ability to provide accessible and personalized employee benefit offerings to owners, operators, contract and gig economy workers within the real estate industry.

Healthcare expenses are rising rapidly, and consumers are already spending $980 billion on healthcare each year. Real estate brokers, agents and gig economy workers are disproportionately affected by these costs, as the majority do not receive healthcare coverage through an employer plan and most are responsible for their entire premium. Bend is helping to close this seismic gap in coverage by providing next-generation health savings account offerings to real estate owners, operators and contractors. 

"Our Passport Program is designed to grow the companies that we believe are advancing 100+ year old industries," said Constance Freedman of Moderne Ventures. "We selected Bend because of its undeniable value to the real estate industry and the millions of contractors that have historically lacked employee benefit offerings like health savings accounts."

Bend's unique platform demystifies the complexity of health savings accounts with personalized guidance, making it easy for anyone to plan, track and pay for healthcare expenses. Real estate firms that offer Bend through their brokerages to their agents gain a competitive edge and are enabled to better attract and retain top talent. Further, 1099 workers that enroll with Bend are able to easily manage healthcare expenses while improving their overall financial wellness.

"Our next-generation platform is uniquely positioned to reinvent the way the real estate industry and its professionals receive employee benefits and pay for healthcare," said Tom Torre, CEO of Bend Financial. "It's an honor to be selected by Moderne and we look forward to solving healthcare coverage challenges within the real estate industry together."

To learn more or request a demo of the solution, visit http://www.bendhsa.com.

About Moderne Ventures Moderne Ventures invests in technology companies in and around real estate, finance, insurance, hospitality and home services. Moderne operates both a Venture Fund and the Moderne Passport, an Industry Immersion Program designed to foster innovation, partnership and growth between industry partners and new emerging technology companies. Moderne works with over 700 executives and corporations within its core industries and evaluates over 4,500 emerging tech companies each year. Its principals have invested in over 90 companies including DocuSign, August, Better, Hello Alfred, Easyknock, Homesnap and ICON.

About Bend Financial Bend Financial helps to improve individuals' financial wellness, while enabling employers, brokers and financial institutions to offer a differentiated benefit offering. The company's platform simplifies saving for healthcare, offering personalized guidance that makes it easy for anyone to plan, track, and pay for their expenses. For more information, please visit www.bendhsa.com, read our blog and follow us on Twitter and LinkedIn.

Contact: Emily Townsend
fama PR for Bend
(617) 986-5048
bend@famapr.com 

Moderne Ventures Announces 2019 Midyear Passport Class

Seven new companies join 50+ companies in Moderne’s Portfolio, introducing innovative products and solutions impactful to the real estate, finance, insurance, hospitality and home services industries

CHICAGO, July 18, 2019—Moderne Ventures, a venture investment fund focused on technology and innovation, announced today the names of the seven companies accepted into its 2019 Midyear Passport Program, a 7-month industry immersion program designed to help companies accelerate growth and build meaningful partnerships within Moderne’s multi-trillion dollar industries. 

Selected companies will access to the Moderne Network, a membership of 700+ executives, participate in 100+ mentor meetings, develop pilot opportunities and gain exposure through various key industry events. In exchange for their counsel, industry leaders receive insider access to disruptive technologies, and help shape their solutions into meaningful value drivers.

Collectively, the new Class has raised over $58.5M prior to partnering with Moderne, with a combined valuation of $206.6M. The new Companies are:

• Aquanta (aquanta.io)—Tysons, VA: Aquanta’s smart water heater controller delivers leak detection, smart control, and up to 30% energy savings for buildings and homes.

• EasyKnock (easyknock.com)—New York, NY: EasyKnock partners with real estate agents and brokers to help their clients’ access equity for down payments, home improvements and to bridge new home purchases.

• FilterEasy (filtereasy.com)—Raleigh, NC: FilterEasy partners with real estate companies and asset managers to provide a set it and forget it air filter subscription service at competitive prices. Its service reduces operating expenses for multi-family, single-family, and commercial properties while improving customer experience.

• Real Synch (realsynch.com)—Austin, TX: Enterprise applications are often managed by disjointed systems. Real Synch provides seamless integrations between these systems leading to better user and customer experiences.

• Silvernest (silvernest.com)—Denver, CO: Silvernest is an online homesharing platform creating the next generation of roommates. Monthly membership includes roommate matching, rent and lease management, localized support services and more.

• Storefront (thestorefront.com)—New York, NY: Storefront’s marketplace makes retail locations accessible to any brand in the world by activating property owners retail space with a single click.

• Turn Technologies (turning.io)—Chicago, IL: Turn provides productivity tools and a benefits suite to 1099 workers that encourages engagement and retention.

“Moderne works with the largest and most well-respected companies in our industries, keeping a close pulse on opportunities, gaps and challenges. We selected this class based on market needs,” said Constance Freedman, Moderne Ventures founder and managing partner. “By helping the Passport companies optimize their product or service for the benefit of our core industries, we’re simultaneously enhancing the value for both the companies and leading firms alike. We can’t wait to see the impact of this new Class.”

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About Moderne Ventures
Moderne Ventures invests in technology companies in and around real estate, finance, insurance, home services and hospitality. Moderne most often looks outside its industries to find game-changing innovation that can be applicable within them. Moderne operates both a Venture Fund and the Moderne Passport, an Industry Immersion Program designed to foster innovation, partnership and growth between industry partners and new emerging technology companies. Moderne works with over 700 executives and corporations within its core industries and evaluates over 4,500 emerging tech companies each year. Its principals have invested in over 80 companies including DocuSign, Updater, August, Better, Hello Alfred, TaskEasy, Homesnap and LeaseLock.