About Confie
Confie is a company based in Huntington Beach (United States) founded in 2008 was acquired by Abry in November 2012.. The company has 2,122 employees as of December 31, 2022. Confie has completed 36 acquisitions, including AFA Claim Services, Absolute Insurance and Affordable Insurance Service.
- Headquarter Huntington Beach, United States
- Employees 2122 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$220 M (USD), Debt – Conventional
Nov 05, 2018
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Investors
Goldman Sachs
& 4 more
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Employee Count
2122
as on Dec 31, 2022
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Investments & Acquisitions
AFA Claim Services
& 35 more
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Acquired by
Abry
(Nov 09, 2012)
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Software Development Team
44 people
Sales and Marketing
24 people
Senior Team
14 people
Human Resources and Administration
11 people
Leadership Team
10 people
Finance and Accounting
8 people
Operations Team
7 people
Data Analysis and Operations Team
7 people
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Funding Insights of Confie
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $220.0M
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First Round
First Round
(01 Jun 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Debt – Conventional - Confie | Valuation |
investors |
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| Mar, 2018 | Amount | Debt – Conventional - Confie | Valuation |
investors |
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| Jun, 2010 | Amount | Debt – Conventional - Confie | Valuation |
investors |
| 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 |
Investors in Confie
Confie has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Barclays and Abry Partners. 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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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Investments are made in private middle-market companies in the U.S.
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Founded Year | Domain | Location | |
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Abry Partners is engaged in middle market private equity investments.
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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 Confie
Confie has strategically engaged in corporate development activities, having acquired 36 companies. Notable acquisitions include AFA Claim Services, Absolute Insurance and Affordable Insurance Service. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of auto insurance services
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2016 | ||||
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An insurance carrier function is performed by Celestite Holdings, LLC.
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2007 | ||||
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Life, auto, and renter insurance services are offered online.
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Confie
| 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 |
Confie Comparisons
Competitors of Confie
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Confie
When was Confie founded?
Confie was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Where is Confie located?
Confie is headquartered in Huntington Beach, United States. It is registered at Huntington Beach, California, United States.
Who is the current CEO of Confie?
Cesar Soriano is the current CEO of Confie.
How many employees does Confie have?
As of Dec 31, 2022, the latest employee count at Confie is 2,122.
What does Confie do?
Distributor of personal lines insurance for standard and non-standard markets. It offers insurance solutions to a broad customer base. The company utilizes a robust infrastructure and industry expertise to meet customer needs, providing price and choice options. It supports its organic growth through strategic acquisitions and focuses on team member and customer satisfaction. The company provides training and support to its employees, fostering a culture of excellence and commitment. It also offers scholarships to support employee education.
How many acquisitions has Confie made?
Confie has made 36 acquisitions, including AFA Claim Services, Absolute Insurance, and Affordable Insurance Service.
Who are Confie's investors?
Confie has 5 investors. Key investors include Goldman Sachs, Barclays, Abry Partners, NewStar Financial, and Apollo Investment Corporation.