Toronto, Ontario - July 12, 2023 - BeniPlus Inc. (“BeniPlus”), a leading insurance technology company, is thrilled to announce that they have secured $350,000 of financing from the Business Development Bank of Canada (“BDC”). This strategic partnership opens up a multitude of opportunities and benefits for the company, propelling it towards future growth and success.BDC selected BeniPlus for this financing because of its innovative approach, promising growth potential, and its commitment to improving the insurance technology landscape in Canada and abroad. "We are thrilled to have secured funding from the BDC," said Johann Reandino, CEO at BeniPlus. "This partnership will fuel our growth aspirations and provide us with invaluable support, resources, and expertise. We are excited about the opportunities that lie ahead and confident that this collaboration will propel us towards achieving our vision of disrupting the group benefits space."BeniPlus is delighted to have BDC as a financing partner and is dedicated to continuing their mandate to help small and medium-sized businesses improve their access to health, wellness and financial resources via its proprietary digital platform. The BDC facilities will empower the company to accelerate its growth trajectory, invest in further software platform development, and explore new markets with confidence.Beyond the financial aspect, BeniPlus will also gain access to BDC's invaluable expertise and guidance. As a trusted institution with a track record of supporting Canadian businesses, BDC boasts a team of seasoned professionals who will provide tailored advice and strategies to help BeniPlus thrive. This partnership will enable BeniPlus to optimize its operations, enhance its financial management practices, and navigate potential challenges with expert assistance.For more information about BeniPlus, please contact: Johann ReandinoCEOBeniPlus Inc1 888 859 3579 x 212jreandino@beniplus.cawww.beniplus.caAbout BeniPlus BeniPlus is an innovative insurance technology company that simplifies and modernizes employee benefits for small and medium-sized businesses. Its user-friendly digital platform offers a streamlined approach to customizing and administering benefits plans, empowering employees to choose benefits that meet their individual needs. With a commitment to transparency and flexibility, BeniPlus is transforming the way businesses and employees engage with employee benefitsAbout BDCAs Canada’s bank for entrepreneurs, BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. Their investment arm, BDC Capital, offers a wide range of risk capital solutions to help grow the country’s most innovative firms. They are one of Canada’s Top 100 Employers and Canada’s Best Diversity Employers. For more information on BDC’s products and services and to consult free tools, templates and articles, visit bdc.ca or join BDC on social media.