Employee benefits consultancy Amba has secured an funding to enable it to grow and roll-out its ESG-focused benefits platform, Lumina.
Amba, formerly PES, has secured an ongoing funding facility through finance provider Uncapped. It says this will enable it to scale up marketing and distribution capabilities as well as continuing to evolve the platform and products.
The company said Lumina is aimed particularly at Generation Z and millennial employees, which, Amba says are more focused on issues of sustainability, culture and ethics.
Amba says the platform also helps employers in reaching their corporate ambitions, such as net zero carbon emissions.
Amba CEO Tobin Murphy-Coles says: “Employers and employees are becoming increasingly more aligned around their targets in respect of issues such as becoming net zero, inclusion, diversity, community and wellbeing.
“This funding partnership with Uncapped allows Amba to ensure that it can consult with as many businesses as possible regarding the damage their current benefit scheme may be having on their ESG ambitions as well as ensuring they are aware of the alternatives that are available through us.”
Through the platform employees can access products such as Lumina Money, gives access to Net Zero Now pension and savings options, and Lumina Planet which gives access to tree planting schemes, electric cars and discounted green energy tariffs.
Murphy-Coles adds: “Amba and Uncapped both believe that HR & employee benefits technology can be used as a force for good.”
Asher Ismail, co-founder at Uncapped, says: “Amba’s strong revenue growth made the case for funding clear, and we believe their proposition will become a key part of helping UK businesses achieve their ESG commitments.”
