Amba People, the ESG employee benefits consultancy, has raised funds to help speed up the development of the Lumina employee experience platform.
This has been made possible through the acquisition of the health and group risk business, Amba Care & Wellbeing Ltd, by Premier Choice Healthcare part of Global Risk Partners. The transaction was the company’s third since GRP bought it in June 2020.
The funds will mostly go toward the growth of Amba’s ESG marketplace proposition, Lumina Perks, which provides workers with a sustainable and ethical selection of products and services.
The company says Lumina Perks brings together vetted, like-minded firms in one place, allowing any size company to provide their employees with an ecologically friendly, socially conscious perk.
Amba CEO Tobin Murphy-Coles says: “This substantial investment into Lumina Perks is critical for two reasons.
Firstly, it marks Amba’s pivot from Employee Benefits Consultancy to SaaS business. Secondly, and more importantly, it responds to the clear need for employers to be able to offer their staff ethical and sustainable employee benefits that will attract and retain the best possible talent.
The Great Resignation is upon us, this is a clear response to it. We believe it is vital that employers are equipped with a benefits offering that is in line with the values of the emerging generations in the workplace, to set them apart from other businesses competing for the same talent.”
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