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FSAstore.com, an e-commerce startup featuring items and medical services that can be bought using pre-tax money from flexible spending accounts, is in the midst of a whirlwind expansion fueled by investor cash. The $2 million in second-round financing the garment district-based company snagged this summer will help boost sales and marketing. Founder and President Jeremy Miller '10 said it's slated to "quadruple" revenue this year over 2011, though he declined to provide figures.
The company claims to be the only website exclusively stocked with FSA-eligible products, eliminating the confusion over whether an item can be reimbursed with pretax wages. The site's Learning Center also provides updated information about the often confusing benefit.
Read more on Crain's New York Business.com.