Pequity vs Forma
Side-by-side comparison of AI visibility scores, market position, and capabilities
Pequity was built by former Google and Cruise comp leaders to bring pay band management, offer workflows, and merit cycle planning to growth-stage companies; raised $11M+, San Francisco.
About
Pequity was founded in 2020 in San Francisco by Kaitlyn Knopp, a former compensation leader at Google and Cruise, who built the platform based on her experience designing compensation systems at scale inside large technology companies. The company raised over $11M to bring compensation management tools previously available only to large enterprises down-market to mid-sized and growth-stage companies, with pay equity as a core design principle throughout the platform.\n\nThe platform provides compensation band management, offer generation and approval workflows, merit cycle planning, and equity compensation modeling. Pequity's band management system is built to be easily maintained and communicated to employees, supporting the growing expectation of pay transparency in the technology sector. The platform also includes robust analytics that allow HR and finance teams to audit compensation decisions for potential bias across gender, ethnicity, and other demographic dimensions.\n\nPequity integrates with ATS systems and HRIS platforms to pull candidate and employee data into compensation workflows automatically, reducing manual data entry and the risk of errors in offer calculations. The company targets technology companies with 100 to 2,000 employees that are building out formal compensation programs for the first time, competing with Assemble, Pave, and Ravio in the emerging compensation technology category.
Forma (San Francisco) is a flexible benefits platform offering personalized lifestyle spending accounts across wellness, learning, and childcare categories; raised $40M Series B; formerly known as Twic.
About
Forma is a San Francisco-based flexible benefits platform that replaces rigid, one-size-fits-all benefit plans with personalized lifestyle spending accounts (LSAs). Employers set a budget and define eligible categories—wellness, learning, home office, childcare, and more—while employees spend through a dedicated Forma card or reimbursement portal. The platform integrates with major HRIS and payroll systems, giving HR teams real-time utilization data and compliance controls without administrative overhead. Founded in 2017 and formerly known as Twic, Forma raised $40M in Series B funding and counts hundreds of mid-market and enterprise employers among its customers.\n\nForma's product philosophy centers on benefit equity: every employee receives the same dollar value but can allocate it toward what matters most to their individual life stage and circumstances. The platform supports dozens of pre-configured spending categories and allows custom merchant rules, giving employers flexibility to align benefits with their culture and values. Employees access their balance via a mobile app, web portal, or physical card, and Forma handles receipts, compliance categorization, and IRS substantiation automatically.\n\nIn a competitive HR tech market increasingly focused on total rewards differentiation, Forma positions itself as an antidote to benefit fragmentation. Rather than managing separate vendors for gym reimbursements, tuition assistance, and commuter benefits, HR teams consolidate everything into a single LSA or multi-account structure. The company targets the 200-to-5,000-employee segment where benefits complexity is high but enterprise HRIS platforms often lack native LSA tooling.
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