Open items before distribution. Highlighted [TBD] fields mark terms, traction figures and contacts still to be confirmed, including securities counsel review of the legal disclaimer.
Summary
ListenPay pays employees to complete the health, safety and workforce programs their employers already need them to finish. Companies publish short video programs by category; employees watch, ListenPay verifies watch time, and earnings post to each employee's balance.
The problem is engagement, not content. Employers spend heavily on wellness and training, yet completion of voluntary programs stays low and is hard to prove. ListenPay ties a small, measurable reward to verified viewing, so employers pay for outcomes rather than for licenses nobody opens.
- Product
- A multi-tenant web platform (ListenPay2027 on Angular 20; API on ASP.NET Core / .NET 10, SQL Server) with category programs, a tracked YouTube player, per-user earnings, analytics and AI-generated workspace guidance for administrators.
- Markets
- Corporate wellness (about USD 72 billion in 2026) and corporate training (about USD 459 billion in 2026); see Market Research.
- Traction
- [TBD: client companies, enrolled employees, videos watched, revenue to date].
- The raise
- [TBD: amount] on convertible notes and/or SAFEs to complete the 2027 platform release, harden security and compliance, and fund sales into [TBD: first target industries].
Statement of Purpose
ListenPay exists to make the learning that keeps workers healthy and safe worth their time.
We believe an employee who understands blood pressure, sleep, opioid risk or PPE use is healthier, safer and more productive, and that the employee should share in that value. Our purpose rests on three commitments:
- Reward attention honestly. Employees are paid for verified watch time, not for clicks.
- Give employers proof. Every program produces completion and progress data an employer can report on.
- Keep it simple for the deskless worker. Short videos, a clear balance and no training portal to learn first.
Key Features
ListenPay combines a content library, verified tracking and a rewards ledger in one platform each employer configures for its own workforce.
| Feature | What it does | Who benefits |
|---|---|---|
| Category programs | Parent categories (Health & Wellness, Safety & Training, Diversity, ESG) hold child programs such as Heart Health, Blood Pressure, Diabetes, Opioid, Pulmonary, PPE and Sleep Awareness, each with its own icon and video set | Employer, employee |
| Tracked video player | Embedded YouTube player records play, pause, end and close events and logs watch time per user and video | Employer |
| Earnings and rewards | Verified viewing credits each employee's balance; a Rewards page shows balance and recent earnings | Employee |
| Personal analytics | Each employee sees videos watched, total watch time, average completion and progress per category | Employee |
| Workspace Guidance (AI) | Administrators get AI-generated recommendations ("signals") for their company's programs | Employer |
| Multi-tenant administration | Each company's users, categories and data are separated; company and ListenPay admin roles | Employer, ListenPay |
| Single sign-on hand-off | Users arrive from the employer's Dashboard Suite with a secure token; no second login | Employee |
On the roadmap: Spotify (audio) programs, in-program surveys, and milestone goals on the employee profile.
Core Functionality per Industry
The same engine serves every industry; what changes is the program mix and the outcome the employer reports on.
| Industry | Typical programs | Employer outcome measured |
|---|---|---|
| Healthcare and hospitals | Hematology, PPE, Opioid awareness, Sleep Awareness for shift workers | Compliance completion, staff wellbeing, fatigue risk |
| Manufacturing | PPE, equipment safety (Equip), Pulmonary and respiratory health | Safety-training completion, incident reduction |
| Transportation and logistics | Sleep Awareness, Blood Pressure, Diabetes, Cognitive health | Driver fitness, DOT-related wellness, retention |
| Construction and energy | PPE, Equip, Heart Health, Opioid awareness | Site safety, substance-risk education |
| Retail and hospitality | Onboarding, Diversity, Health & Wellness basics | Turnover, engagement among deskless staff |
| Corporate and office | Heart Health, Cognitive, Diversity, ESG | Wellness participation, ESG reporting |
| Self-insured employers and benefits brokers | Chronic-condition series (Blood Pressure, Diabetes, Heart Health) | Program participation tied to health-plan cost |
Each deployment is set up per company: categories, videos and rewards rates are configured by the employer, and results stay within that company's data.
Investment Opportunities
ListenPay is offering [TBD: total amount] through two instruments; both convert to equity at our next priced round. Final terms are set only in the signed instrument documents.
Use of funds: [TBD: e.g. % product and security, % sales and marketing, % content, % operations].
Convertible Notes
A convertible note is a loan that converts into shares at the next qualified financing instead of being repaid in cash. Until then it accrues interest, which also converts.
| Term | Proposed |
|---|---|
| Minimum investment | [TBD] |
| Interest rate | [TBD]% simple, per year |
| Maturity | [TBD] months |
| Valuation cap | USD [TBD] |
| Discount to next round | [TBD]% |
| Qualified financing threshold | USD [TBD] |
| At maturity without conversion | [TBD: repay, extend, or convert at cap] |
SAFEs (Simple Agreements for Future Equity)
A SAFE gives the right to future shares at the next priced round. It is not debt: there is no interest and no maturity date. We propose the standard Y Combinator post-money form.
| Term | Proposed |
|---|---|
| Minimum investment | [TBD] |
| Post-money valuation cap | USD [TBD] |
| Discount | [TBD]% or none |
| Most-favored-nation clause | [TBD: yes/no] |
| Pro rata rights (side letter) | [TBD: threshold] |
Which fits which investor
| Convertible Note | SAFE | |
|---|---|---|
| Legal form | Debt | Contract right to equity |
| Interest | Yes | No |
| Maturity date | Yes | No |
| Priority if the company winds down | Ahead of equity, as a creditor | Ahead of common stock, behind creditors |
| Paperwork and cost | Moderate | Low |
Market Research
ListenPay sits where two large, growing employer budgets meet: corporate wellness and corporate training. North America is the largest region in both, at roughly 38% of global spend.
| Market | 2025 (USD) | 2026 (USD) | Forecast (USD) | CAGR | Source |
|---|---|---|---|---|---|
| Corporate wellness | 68.4B | 71.9B | 118.2B by 2034 | 6.4% | Fortune Business Insights |
| Corporate training | 427.3B | 458.7B | 777.5B by 2033 | 7.8% | Grand View Research |
In the U.S. alone, corporate wellness is projected at about USD 24.5 billion in 2026, and virtual delivery is already the largest wellness segment (Fortune Business Insights).
Why incentives matter: RAND found median wellness participation of 20% at employers with no incentives versus 40% with incentives (AJMC summary of RAND). A 2025 IFEBP survey likewise found employers offering incentives far more likely to report positive participation, 39% versus 17% (Wellness Alliance).
Target Demographics
Our buyer is the employer; our user is the employee, especially the deskless worker. Roughly 2.7 billion people, about 80% of the global workforce, work away from a desk, yet they have drawn only a sliver of enterprise software investment (Emergence Capital, via Quinyx).
| Segment | Who | Why they buy or use ListenPay |
|---|---|---|
| Primary buyer | HR, benefits and safety leaders at employers with 200 to 5,000 staff | Need proof of completion and higher participation without building a program |
| Secondary buyer | Self-insured employers, benefits brokers, health plans | Chronic-condition education linked to claims cost |
| Core user | Hourly and shift workers in healthcare, manufacturing, logistics, construction, retail | Short videos on a phone, and they get paid for their time |
| Secondary user | Salaried office staff | Wellness, cognitive and DEI/ESG content with a visible reward |
| Geography | United States first, starting in [TBD: home region, e.g. Tennessee and the Southeast] | Largest market for both wellness and training spend |
Competitors
Among the competitors reviewed, none pays employees for verified learning time; they either reward wellness activity or deliver training, not both.
| Company | Category | How it engages employees | Where ListenPay differs |
|---|---|---|---|
| Personify Health (Virgin Pulse + HealthComp) | Wellness and benefits platform | Points, challenges, coaching, rewards | Enterprise-heavy and bundled with plan administration; ListenPay is lighter and video-first |
| Vitality | Wellness incentives | Activity-linked rewards | Rewards physical activity; ListenPay rewards learning |
| ComPsych | EAP and wellness | Counseling and wellness services | Service-led; no paid content engagement |
| Axonify | Frontline microlearning | Daily gamified bursts tied to business metrics | Gamified, not paid; enterprise and quote-based |
| SafetyCulture training (formerly EdApp) | Mobile microlearning | Template courses and gamification | Standalone app retired March 2026 and folded into an operations suite |
| Cornerstone, LinkedIn Learning, Coursera | Enterprise learning | Course libraries and LMS | Built for desk workers and long courses |
Our edge
Verified watch time turned into real earnings, health and safety content in one place, and setup per company without an LMS project.
Our risk
Larger platforms could add paid incentives; we answer with speed, price and the deskless focus.
Legal Disclaimer
This document is for information only and is not an offer to sell, or a solicitation of an offer to buy, any security. Any offering will be made only through definitive investment documents (the note purchase agreement or SAFE and related disclosures) and only to persons who qualify under applicable law.
- Private offering. Securities, if offered, will not be registered under the U.S. Securities Act of 1933 or any state securities law and are expected to rely on an exemption such as Regulation D. [TBD: confirm exemption, e.g. Rule 506(b) or 506(c), with counsel.] Investors may need to be accredited investors.
- Forward-looking statements. Statements about plans, growth, markets, product timelines and financial results are forward-looking. They rest on current assumptions and are subject to risks that may cause actual results to differ materially. ListenPay undertakes no duty to update them.
- Risk. Investment in an early-stage company is speculative, illiquid and may result in the loss of the entire investment. Convertible notes and SAFEs may never convert, and SAFEs carry no repayment right.
- Third-party data. Market figures come from the third-party sources cited and have not been independently verified by ListenPay.
- No advice. Nothing here is legal, tax or investment advice. Each investor should consult their own advisors.
- Confidentiality. This document is confidential and may not be reproduced or shared without ListenPay's written consent.
[TBD: have securities counsel review this section before distribution.]
Contact and Next Steps
Interested investors can request the data room and term documents from the contact below.
| Contact | Details |
|---|---|
| Investor contact | [TBD: name, title] |
| [TBD] | |
| Phone | [TBD] |
| Company address | [TBD] |
| Website | [TBD] |
- Introductory call and product demo.
- Data room access under NDA: financials, cap table, customer pipeline, technical white paper.
- Review of the note purchase agreement or SAFE.
- Accreditation check, signature and funding.
Sources
- Fortune Business Insights: Corporate Wellness Market, 2026–2034
- Grand View Research: Corporate Training Market, 2026–2033
- AJMC: RAND report on wellness incentives
- Wellness Alliance: The Impact of Wellness Incentives (IFEBP 2025)
- Quinyx: The State of the Deskless Workforce
- Intervue: Best Microlearning Software 2026
- Knowlify: Best Microlearning Platforms 2026