Press Releases

2022

Smart Employee Benefits Announces Partial Sale of Paradigm Investment

April 25, 2022 – Mississauga, ON

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF), an Insurtech provider of cloud based, end-to-end IT and Benefit Processing solutions for the life and group benefits marketplace and government, announces an 8.04% partial sale of its investment in Paradigm, a business consulting firm based in Saskatchewan (the “Transaction”).  SEB continues to own approximately 16% of Paradigm. 

2022

SEB Adds 3 New Multi-Year Client Wins 2 in Canada, 1 in the U.S.A.

March 28, 2022 – Mississauga, ON

Smart Employee Benefits Inc., (“SEB” or “the Company”) (TSXV:SEB, OTCQB:SEBFF), announces 3 new client wins. The USA win is to a multi-state industrial company to deploy SEB’s MarvalNA Service Management solutions, with a recurring revenue profile. The second win is a Crown Corporation supply arrangement with a term of 5 years plus 6 options years. The third is another Crown Corporation and has a term of 3 years with 3 option years.

2022

SEB Engages Sophic Capital to Provide Capital Markets Advisory Services

March 14, 2022 – Mississauga, ON:

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) (OTCQB: SEBFF) a leader in benefits processing solutions and services announces the establishment of a capital markets strategy and investor relations arrangement with Sophic Capital Inc. (“Sophic”) pursuant to the terms of a capital markets advisory agreement (the “Agreement”). 

2022

SEB >$22M New Contract Wins Increase Wins Over 15 Months to >$205M

March 11, 2022 – Mississauga, ON:

Smart Employee Benefits Inc., (“SEB” or the Company) (TSXV: SEB, OTCQB: SEBFF), has received extensions and net new business contracts valued at greater than $22.2M. This brings contract wins and extensions to over $205.0M over the past 15 months. SEB’s RFP sales pipeline includes tens of millions of dollars of contract value where decisions are pending over the next several months.

2022

SEB Announces Closing of $5 Million Private Placement Financing

March 9, 2022 – Mississauga, ON:

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) a leader in benefits processing solutions and services today announced the issuance of a $5,000,000 convertible debenture (the “Debenture”) pursuant to a non-brokered private placement (the “Financing”) with Co-operators Financial Services Limited (“The Co-operators”), a large existing strategic investor. The proceeds of the Financing will be used for general working capital purposes including the repayment of select payables. 

2022

SEB Announces Proposed Private Placement Financing

February 22, 2022 – Mississauga, ON:

Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) a leader in benefits processing solutions and services today announced that it has entered into a non-binding agreement with Co-operators Financial Services Limited (“The Co-operators”), a large existing strategic investor, for a convertible debenture (the “Debenture”) on a non-brokered private placement basis to raise gross proceeds of $5,000,000 (the “Financing”). The proceeds of the Financing will be used for general working capital purposes including the repayment of select payables.  

2022

SEB Adds 3 New Healthcare Benefits Processing Wins and 1 Renewal

February 17, 2022 – Mississauga, ON:

Smart Employee Benefits Inc., (“SEB” or the Company) (TSXV:SEB, OTCQX: SEBFF), is pleased to announce multiple benefits solution wins and renewals.

States Mohamad El Chayah, COO of SEB and President/CEO of SEB Administrative Services Inc. (“SEB Admin”):We are thrilled with these wins, especially those that are driven by our innovation agenda and help us venture into new markets.  This demonstrates the breadth of our solutions, the depth of our services and the flexibility and adaptability of our products.

2022

SEB’s Subsidiary, Marval North America Receives OECM Supplier Contract to Provide Integrated IT Service Management (ITSM) Software and Delivery Solutions to over 800 Customers

February 15, 2022 – Mississauga, ON:

Marval North America (“MarvalNA“), a subsidiary of Smart Employee Benefits Inc. (“SEB”) (TSXV: SEB, OTCQX: SEBFF), is pleased to announce that we are an awarded supplier partner on OECM’s IT Software Platform and Related Services (for ITSM and ESM). Marval can provide integrated IT Service Management (ITSM) software and delivery solutions to over 800 customers on the multi-year agreement. 

2022

Corporate Update: SEB Group Receives Contract Extension Valued >$5.0M Increasing Contract Wins in Q1/2022 to >$43.0M

February 7, 2022 – Mississauga, ON:

Smart Employee Benefits Inc., (“SEB” or the Company) (TSXV: SEB, OTCQX: SEBFF), has received an extension of an existing contract with a budget greater than $5.0M. This brings contract wins and extensions to over $43.0M Q1/2022. SEB’s RFP sales pipeline includes tens of millions of dollars of contract value where decisions are pending over the next several months. In addition, SEB’s “White-Label TPA” sales pipeline includes over $6.0B of premium, of which approximately $2.0B is in advanced stages of negotiations. Currently, SEB has over 530,000 plan members under contract, representing approximately $1.3B of premium.