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Lifestyle Spending Account

Product Description

Compt is a Lifestyle Spending Account (LSA) and stipend platform that makes it simple to build tailored stipend programs across any category your team needs — from health & wellness and family care to remote work and AI upskilling.

Compt’s reimbursement-first model means:
- More automation...
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About this product

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Compt is a Lifestyle Spending Account (LSA) and stipend platform that makes it simple to build tailored stipend programs across any category your team needs — from health & wellness and family care to remote work and AI upskilling.

Compt’s reimbursement-first model means:
- More automation for eligibility rules and category-level tax classifications so your program runs itself.
- A low-friction employee experience: taxes are handled at the time of reimbursement (rather than lumped on later), and employees never experience accidental checkout declines.
- Seamless payroll-ready reporting that integrates directly with your existing providers.

With daily HRIS synchronization, proprietary AI policy checking, and IRS-compliant categories, Compt saves your HR team days of manual administration.

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Compt Info

Founded:

2018

Funding Summary:

13M Series A

Location:

8 Museum Way, Cambridge, MA 02141, US

Links:

Employees:

Not Provided
Compt is a global lifestyle benefits platform that helps companies offer flexible stipends and Lifestyle Spending Accounts (LSAs) — for wellness, family care, remote work, professional development, AI tools, work milestones, and dozens of other categories — without turning the program into... Show More

About this vendor

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Compt is a global lifestyle benefits platform that helps companies offer flexible stipends and Lifestyle Spending Accounts (LSAs) — for wellness, family care, remote work, professional development, AI tools, work milestones, and dozens of other categories — without turning the program into an administrative burden. Compt customers see an industry-leading 93% employee participation rate.

Here's how Compt works:

• Employers easily control program parameters, deciding what's eligible, setting spending caps, and defining who gets what based on department, location, level, or tenure.
• Employees aren't locked into restrictive vendor marketplaces, allowing them to spend on what genuinely fits their lives, submit a receipt, and get reimbursed.
• Correct tax treatment is applied automatically with every single reimbursement cycle.

You pay the software fee, plus the stipend expenses you actually approve and reimburse - nothing more.

An all-in-one Total Rewards product suite:

Instead of stitching together multiple point solutions, Compt's powerful reimbursement engine powers a comprehensive suite of programs under one roof:

• Rewards & Recognition: Enable monetary or non-monetary peer-to-peer recognition using real dollars instead of confusing points systems.
• Professional Development Pro: Streamline custom request and approval routing for courses, certifications, and conferences.
• Employee Discounts: Give teams discounts to stretch their purchasing power with zero extra admin lift.
• Company Swag: Offer on-demand corporate swag within the platform.
• Business Expenses: Handle routine corporate expenses right alongside lifestyle benefits.
• Global scale & infrastructure: Support employees across all 50 U.S. states and every country with multi-currency reimbursements.
• Enterprise security & support: Every tier includes tax automation, SSO, HRIS/payroll integrations, Slack/Teams connectivity, and a dedicated CSM.

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