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Elevate's Recognition in FinTech Innovation

In a noteworthy achievement, Elevate has been singled out as the "Best Consumer Payments Platform" at the 9th Annual FinTech Breakthrough Awards. This accolade was revealed on March 19, 2025, by FinTech Breakthrough, an independent organization that evaluates and acknowledges excellence in the financial technology sector. Elevate, known for its modern consumer-directed benefits administration platform, has gained recognition for streamlining the experience of utilizing healthcare benefits for U.S. workers.

Elevate stands out by offering the industry's first entirely cloud-based and AI-driven consumer benefits platform. This innovative solution simplifies the cumbersome processes traditionally associated with healthcare accounts, facilitating faster access to benefits funds. Employees can benefit from features such as immediate claims processing, real-time reimbursements, automated claims submissions, and a secure, contactless payment card, all designed with user convenience in mind.

Steve Johansson, managing director of FinTech Breakthrough, emphasized that Elevate is reshaping the outdated legacy systems in the benefits sector. He noted that more than 100 million Americans who rely on consumer-directed benefits often encounter difficulties when trying to access their funds. Elevate's platform automates the entire experience, connecting users to their money within seconds. With this, Johansson and his team have honored Elevate with the 2025 award, serving as a testament to its transformative approach in the marketplace.

Elevate's user-friendly platform not only benefits consumers but also makes life easier for benefits administrators. Some of its key capabilities include:

• - API Integration: Merging all benefit functionalities into existing systems to create a cohesive experience for both employers and employees.
• - Process Automation: Streamlining essential functions like financial reconciliations, employer setups, and claims processing to decrease errors and save time.
• - Reporting and Analytics: Providing comprehensive insights and analytics to enhance program effectiveness.
• - Modern Interface: A sleek, intuitive design that helps admin teams operate more efficiently.

Brian Cosgray, co-founder and CEO of Elevate, expressed gratitude for the recognition, stating that their mission is to fulfill the original promise of benefit accounts by providing a quick and hassle-free way for American workers to manage their healthcare costs. He reaffirmed their commitment to continuous improvement, stating that Elevate aims to innovate the customer journey, increasing efficiency and satisfaction while also reducing operating costs.

The FinTech Breakthrough Awards celebrate the leaders and visionaries in the global financial technology sector, covering a variety of categories from digital banking to personal finance and payments. Elevate joins a distinguished list of global brands honored this year, including Brex, Mastercard, Revolut, and others, highlighting its exceptional standing in this competitive industry.

About Elevate

Elevate launched in 2020 with a clear vision to modernize the antiquated benefits administration landscape. The all-inclusive, cloud-based platform is designed to handle all forms of benefit accounts, from health savings accounts (HSAs) to sophisticated health reimbursement arrangements (HRAs). Partnering with various entities, including professional employer organizations and third-party administrators, Elevate seeks to deliver a seamless benefits experience for countless employers and their employees across the United States. To explore more about Elevate's services and see how they can enhance your benefits management, visit Elevate's website.

About FinTech Breakthrough

FinTech Breakthrough is part of Tech Breakthrough, a recognized platform for technology intelligence and innovation. The awards program celebrates outstanding achievements in financial technologies and services, with categories ranging from payments to wealth management. By highlighting these leaders, FinTech Breakthrough aims to foster increased awareness and recognition within the financial technology space.