Forma
Flexible global benefits platform with spending accounts and marketplace
About
Forma (formerly Twic) is a flexible benefits platform for designing and scaling custom benefits programs across 100+ countries. Employers configure LSAs, FSAs and HSAs with click-not-code rules, while employees spend through the Forma Store, the Forma Visa Card or claims reimbursement, tapping a vendor network of 250+ benefits products. The company raised a $40M Series B led by Ribbit Capital.
Limitations: it is a platform for administering benefits, not a benefits advisor — plan selection still rests with the employer; and the $11.50/employee/month figure is third-party directory-reported, not vendor-published.
What it can do
- LSA, FSA and HSA administration
- Forma Store benefits marketplace
- Forma Visa Card
- Automated claims processing
- 100+ country coverage
- Utilization analytics and reporting
Setup
- Contact Forma for a demo
- Design benefits programs and spending accounts
- Configure eligibility rules and allocations
- Launch the Forma Store and Card for employees
Prerequisites
Benefits budget, HRIS integration, country compliance review
Use cases
Works with
Trust score — 7/10
Scored 7/10 (verified tier, metrics-v1). Evidence: Flexible benefits suite, Forma Store/Card, 100+ country coverage and $40M Series B verified from official pages and press.; 250+ vendor product network and 10-30% marketplace savings are company-reported.; $11.50/employee/month is third-party directory-reported, not vendor-published.; Official URL used is root domain confirmed verbatim in result text (batch67-style caveat).. License: Proprietary SaaS; no license terms published..
How the trust score is built
Full methodology →- Adoption · stars/downloads, log-scaled vs peers
- 7.0/10
- Maintenance · recency, releases, issue load
- 7.0/10
- Openness · license + docs
- 5.0/10
- Manual review · sanity read + red-flag check
- 7.0/10
- · Flexible benefits suite, Forma Store/Card, 100+ country coverage and $40M Series B verified from official pages and press.
- · 250+ vendor product network and 10-30% marketplace savings are company-reported.
- · $11.50/employee/month is third-party directory-reported, not vendor-published.
- · Official URL used is root domain confirmed verbatim in result text (batch67-style caveat).
Sources
Every fact above was checked against these sources. Where a claim comes from the provider and couldn't be independently verified, the text says so.