The finance leader brings a decade of experience managing FP&A in large-scale enterprise SaaS businesses to Nava
NEW YORK, August 4, 2022 /PRNewswire/ — Modern Profit Brokerage Benefits of Nava announced today Kristen Malone as Vice President of Finance. With more than a decade of leadership experience managing financial operations for large enterprises, Kristen will help Nava build and scale its financial management, planning and growth functions to bring benefits innovation to employers of all sizes. the sizes
Kristen Malone – Vice President of Finance, Nava Benefits
Nava has recently completed a 40 million dollars Series B funding round to make profit innovation accessible to smaller entrepreneurs. In 2021, small and medium business owners saw it Health renewal costs increase by 9.6%, compared to an average increase of 5% among large employers. By leveraging modern technology and best-in-class benefits consulting, Nava is able to close the cost gap and achieve its mission of making health care more affordable and accessible for all Americans. The increase follows the launch of the Nava profit finder and a series of new strategic hires.
“Managing our financial health, and that of our customers, has never been more important than it is now,” he said. Brandon Weber, co-founder and CEO. “In order to fix health care and ensure we are delivering maximum value to our clients, we must build a world-class finance function. Kristen’s expertise to do this, along with her passion for reduce healthcare costs, he will be an important asset to our team.”
Kristen Malone brings deep operational and financial leadership experience leading financial planning and analysis (FP&A) to large-scale enterprise SaaS businesses to Nava, where he will establish a scalable and sustainable operation. She joins Nava from HyperScience, an enterprise data automation platform, where she designed, built and managed organizational and departmental budgets as Director of FP&A. During her tenure at HyperScience, Kristen helped lead three of the company’s funding rounds, including a 60 million dollars Series C, 80 million dollars series D and 100 million dollars Series E, and its acquisition of berlinData management company based on Boxplot.io. Prior to HyperScience, Kristen worked at financial news network Cheddar as Senior Director of Finance. As one of the network’s first employees, Kristen helped grow the company 5x, did financial due diligence through the sale to Altice. USA and led FP&A for the acquisitions of MTV Networks and ratemyprofessors.com. A certified public accountant, Kristen has held various financial positions at Propeller Industries, SoulCycle and Reboot.
“In my various financial leadership positions, I’ve seen employers struggle with costly health benefits and the impact it has on their employees.” Kristen said. “Nava’s ability to deliver better benefits at more affordable costs during an era of record inflation and a rising cost of living is a game changer for employers of all sizes. I look forward to joining the cause and help the company and our customers navigate this complicated financial landscape.”
About Nava Benefits
Nava Benefits is a modern benefits brokerage on a mission to fix healthcare, one benefit plan at a time. Nava was founded with a mission to provide affordable, high-quality health care to all Americans, starting with the 49% who receive insurance through their employers. With Nava’s benefits search engine, employers can browse a wide range of modern, digital benefits offerings across 28 benefit categories, in a transparent, community-driven marketplace. By partnering with health and benefits advisors from the nation’s largest companies, Nava bundles their knowledge, tools and best practices into a scalable, unified service offering that has helped smaller employers save between 8 and 22% in their profit plans. For more information, visit www.navabenefits.com.
Contact with the media
Kimberly Dreisinger
HermesPR
[email protected]
(805) 360-4421
SOURCE Nava Benefits
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