We’re super excited to announce the kickoff of our crowdfunding campaign! Our Republic investment campaign gives everyone in our community a chance to invest in our growing business, starting with as little as $100.
A lot has happened since we launched last year. For starters, the employment social contract expired. The mass layoffs, driven by Covid-19, ignited a perfect storm where millions of people reassessed their jobs (work/life balance, affordable housing, financial and mental wellness, etc.) Their conclusion? They’re unsatisfied. Even after wage hikes, employees aren't coming back. There are nearly 11 million job openings, and quit rates continue to break new records. Workers are holding the pen to rewriting the employment social contract. Employers have no option but to go beyond salary increases and reconsider novel benefits to lure and hire employees successfully.
Traditional benefits were designed to retain top talent, but they don't work in this new market reality. This situation marks a real disruption for the $200 Billion benefits administration market.
Xiggit has taken advantage of this shifting labor landscape by introducing benefits that fit modern employers and their workers. Over the past few months, we’ve achieved some milestones:
Raised six figures from angel investors
Released the industry’s first, Robo-advisor for retirement benefits
Running pilots with several employers
This year, Xiggit is all about scaling. We believe everyone should have access to affordable benefits that fit their needs. Xiggit’s vision is to reinvent access to health, retirement, and savings benefits to help people improve their financial outcomes. If you want to support us in reimaging benefits that appeal to today’s workforce, then take that next step on Republic with us and click here.