Plerk Raises $1M for Flexible Employee Perks Worldwide

Plerk announces that it has raised $1M in Pre-Seed funding from Y Combinator, Magma Partners, 500 Startups, Peak Capital,, and MGV Capital Group, along with participation from Podium co-founders Eric Rea and Dennis Steele, Rappi’s Andres Bilbao, and Truora’s Daniel Bilbao. In fact, this marks Peak Capital’s first investment outside of the US and Horseplay Ventures’ first investment in Latin America. 

“About 80% of companies in Latin America continue to work remotely or have part of their team doing so. So, decentralizing the benefits that used to take place in offices under the same roof and enabling employees to access them in the palms of their hands with a virtual card is what allows us to grow. We understand that the future of work is remote as companies have been hiring for the past 14 months based on talent and not geography,” commented Co-Founder Miguel Medina.

The startup aims to create a platform where fintech meets human resources. The idea for Plerk originated as a virtual card to pay for flexible benefits and services. Companies can deposit a certain amount of funds for their employees who can then choose from over 5,000,000 vendors around the world to spend the money on.

Announcement: Plerk Raises $1M for Flexible Employee Perks Worldwide