About Belay
Belay is a company based in Philadelphia (United States) founded in 2020 by Michael Grant Warshowsky and Ben Kestenbaum.. Belay has raised $2.08 million across 1 funding round. The company has 77 employees as of December 31, 2020. Belay offers products and services including Stock Insurance Service and Fintech API. Belay operates in a competitive market with competitors including Clearcover, Cambridge Mobile Telematics, Metromile, HDVI and Sigo Insurance, among others.
- Headquarter Philadelphia, United States
- Employees 77 as on 31 Dec, 2020
- Founders Michael Grant Warshowsky, Ben Kestenbaum
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
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Website
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Social
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- Legal Name Belay Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.08 M (USD)
in 1 rounds
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Latest Funding Round
$2.08 M (USD), Seed
Mar 20, 2023
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Investors
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Employee Count
77
as on Dec 31, 2020
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Products & Services of Belay
Belay offers a comprehensive portfolio of products and services, including Stock Insurance Service and Fintech API. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protects stock portfolios by reimbursing losses on sales below protected prices.
Enables brokerages to embed stock insurance features in trading platforms.
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Funding Insights of Belay
Belay has successfully raised a total of $2.08M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.08 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.1M
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First Round
First Round
(20 Mar 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Seed - Belay | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Belay
| 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 - Belay
| 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 |
Belay Comparisons
Competitors of Belay
Belay 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 Clearcover, Cambridge Mobile Telematics, Metromile, HDVI and Sigo Insurance, 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 |
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| domain | founded_year | HQ Location |
Automotive insurance is delivered via an online platform.
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| domain | founded_year | HQ Location |
Usage-based data monitoring solutions for the auto insurance industry
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| domain | founded_year | HQ Location |
App that provides usage-based auto insurance platform for individuals
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| domain | founded_year | HQ Location |
Telematics-based data & monitoring solutions for auto insurers and fleet owners
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| domain | founded_year | HQ Location |
App-based auto insurance comparison is offered to individuals.
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| domain | founded_year | HQ Location |
Vehicle data is monitored through plugin devices for usage-based insurance.
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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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Frequently Asked Questions about Belay
When was Belay founded?
Belay was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Belay located?
Belay is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Who is the current CEO of Belay?
Michael Grant Warshowsky is the current CEO of Belay. They have also founded this company.
Is Belay a funded company?
Belay is a funded company, having raised a total of $2.08M across 1 funding round to date. The company's 1st funding round was a Seed of $2.08M, raised on Mar 20, 2023.
How many employees does Belay have?
As of Dec 31, 2020, the latest employee count at Belay is 77.
What does Belay do?
Belay was founded in 2020 and is headquartered in Philadelphia, United States. Insurance policies for publicly traded US stocks are provided, reimbursing investors for losses when shares are sold below specified protection levels. Coverage options vary in duration and protection amounts, with claims processed through the company website. Backing is supplied by an A-rated reinsurance entity, and operations are limited to US-listed stocks to ensure straightforward claim fulfillment.
Who are the top competitors of Belay?
Belay's top competitors include Clearcover, Metromile and Sigo Insurance.
What products or services does Belay offer?
Belay offers Stock Insurance Service and Fintech API.