About Answer Financial
Answer Financial is a company based in Los Angeles (United States) founded in 1997 was acquired by Allstate in May 2011.. The company has 463 employees as of December 31, 2022. Answer Financial operates in a competitive market with competitors including Next Insurance, Marble, Gabi, Covered and Insureon, among others.
- Headquarter Los Angeles, United States
- Employees 463 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Answer Financial, Inc.
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Funding Insights of Answer Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Answer Financial
Answer Financial has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Allstate. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online insurance for life, property, auto, and business is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Answer Financial
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Answer Financial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Answer Financial Comparisons
Competitors of Answer Financial
Answer Financial operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Next Insurance, Marble, Gabi, Covered and Insureon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online small business insurance policies are provided.
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| domain | founded_year | HQ Location |
Insurance quotes are compared via a reward-based platform for individuals.
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| domain | founded_year | HQ Location |
Online comparison of property and casualty insurance quotes is facilitated.
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| domain | founded_year | HQ Location |
Insurance comparison platform for home
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| domain | founded_year | HQ Location |
Online quotes for business property and casualty insurance are compared.
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| domain | founded_year | HQ Location |
Insurance quotes for P&C coverage are compared via mobile app.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Answer Financial
Frequently Asked Questions about Answer Financial
When was Answer Financial founded?
Answer Financial was founded in 1997.
Where is Answer Financial located?
Answer Financial is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
How many employees does Answer Financial have?
As of Dec 31, 2022, the latest employee count at Answer Financial is 463.
What does Answer Financial do?
Answer Financial was founded in 1997 in Los Angeles, United States, as an insurance agency in the financial services sector. Insurance products, including auto, homeowners, condo, renters, motorcycle, RV, and boat coverage, are offered for comparison and purchase from top-rated insurers. Services are available to shoppers across all 50 states, with membership held in the Independent Insurance Agents Brokers of America.
Who are the top competitors of Answer Financial?
Answer Financial's top competitors include Next Insurance, Marble and Covered.
Who are Answer Financial's investors?
Answer Financial has 1 investor. Key investors include Allstate.
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