Finaeo

Toronto, Canada Founded: 2016 • Age: 10 yrs
Digital platform connecting brokers and carriers for insurance efficiency.

About Finaeo

Finaeo is a company based in Toronto (Canada) founded in 2016. It operates as a Marketplace and B2B. Finaeo has raised $6 million across 4 funding rounds from investors including Gener8tor, Roboventures and OnRamp Insurance. Finaeo offers products and services including Marketplace, Client Portal, and Product Comparison. Finaeo operates in a competitive market with competitors including Zafin, PureFacts, Sensely, Glia and Shift Technology, among others.

Key Metrics
  • Total Equity Funding
    $6M (USD)

    in 4 rounds

  • Latest Funding Round
    $100K (USD), Series A

    Jun 2020

  • Investors
    Gener8tor

    & 10 more

Products & Services of Finaeo

Finaeo offers a comprehensive portfolio of products and services, including Marketplace, Client Portal, and Product Comparison.

Marketplace
Digital Platform

Platform for comparing insurance products and generating quotes.

Client Portal
Client Management

Tool for digital onboarding and secure document sharing.

Product Comparison
Analysis Tool

Feature to compare insurance features and eligibility.

Funding Insights of Finaeo

Finaeo has successfully raised a total of $6M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $100 thousand completed in June 2020. 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 $6M
  • Total Rounds 4
  • Last Round Series A β€” $100,000
  • First Round $1.81M

    (Sep 2017)

  • Investors Count 11

All 4 funding rounds of Finaeo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jun 2020$100,000Series A–Gener8tor
–
May 2020$100,000Series A–OnRamp Insurance
–
Mar 2019$3.99MSeries A–Luge Capital, Alex Norman
Sep 2017$1.81MSeed–Impression Ventures
Valuation history

11 investors in total: 10 institutional and 1 angel.

Investors in Finaeo

Finaeo has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Gener8tor, Roboventures and OnRamp Insurance.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Startups are accelerated via a 12-week program with funding support.
2012gener8tor.comMadison, United States
Luge Capital is focused on fintech venture capital investments.
–luge.vcMontreal, Canada
-
–rgax.com-
US focused stage-agnostic venture capital firm
–rtf.vcSan Francisco, United States
Investments are made in early-stage technology companies by Inovia Capital.
–inovia.vcMontreal, Canada
Investments are directed by Impression Ventures toward fintech startups.
–impression.venturesToronto, Canada
Healthcare-focused venture capital is provided by iGan Partners.
–iganpartners.comToronto, Canada
Seed-stage tech-focused VC firm investing primarily in Canada
–500canada.caToronto, Canada
-
–onrampinsurance.com-
Limited information available
2014roboventures.inHyderabad, India
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Investor details for Finaeo

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People of Finaeo

3 people are tracked at Finaeo (3 in board & advisors).

NameRoleGroup
Alister Campbell
DirectorBoard & advisors
Omar Dhalla
DirectorBoard & advisors
Karim Gillani
DirectorBoard & advisors
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Complete people profiles for Finaeo

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Timeline of Finaeo

3 dated milestones of Finaeo across 4 years, from founding to its latest funding, stage changes and deals.

  1. Founded Finaeo is founded.
  2. Funding First funding round of $1.8M.
  3. Funding Latest funding round, Series A, of $100K.

Competitors of Finaeo

Finaeo 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 Zafin, PureFacts, Sensely, Glia and Shift Technology, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
zafin.com2002Toronto, Canada$47.2M–
Software solutions for relationship banking in financial services are delivered.
purefacts.com2010Toronto, Canada$61.02M–
CRM solutions for wealth managers
sensely.com2013San Francisco, United States$26.48M9
Conversational AI platforms are developed for enterprise healthcare and insurance.
glia.com2012New York, United States$150.6M130
Cloud-based omnichannel platform is provided for financial customer service.
shift-technology.com2014Paris, France$319.74M–
Provider of AI solutions for insurance underwriting, claims, and risk
jirnexu.com2012Kuala Lumpur, Malaysia$27.5M–
Customer engagement solutions are provided to banks and related sectors.
kasisto.com2013New York, United States$90.95M–
AI-driven conversational banking solutions are provided for enterprises.
zipari.com2014Brooklyn, United States$44.83M–
Provider of cloud-based customer experience management platform for payers
cognigy.com2016Dusseldorf, Germany$165M98
Cognigy is recognized for developing conversational AI solutions for customer service.
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Detailed competitors of Finaeo

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Web traffic of Finaeo

The website of Finaeo (finaeo.com) receives about 680.7K visits a month.

  • Monthly visits
    680.7K

    ▼ 6.7% vs previous month

Similar websites

Websites whose visitors overlap most with Finaeo. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
falconebiz.com
100%
959.8K#63,970View details
tofler.in
97%
556K#105,509View details
zaubacorp.com
96%
4.9M#12,689View details
tracxn.com
92%
2.9M#16,597View details
indiafilings.com
90%
2.1M#29,959View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 40 similar websites and full traffic analytics for Finaeo

The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.

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  • Audience overlap
  • Engagement analytics
  • Traffic by brand

Verified entity values are shown only after access is granted.

Latest news on Finaeo

Brokers International partners with Finaeo
Insurancebusinessmag β€’ 5 years ago
Finaeo Closes $2.25M Seed Funding Round
FinSMEs β€’ 9 years ago
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Complete news archive for Finaeo

Full article history, source details, and older brand coverage require an active premium plan.

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  • Brand-specific news history

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Similar companies to Finaeo

10 companies that operate in the same segment as Finaeo (Insurance Technology & Support Services), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Insurance products for vehicles, health, travel, and life are offered.
2016Bengaluru, Karnataka, IndiaUSD 655.23 MUSD 216.04 M461
Auto insurance is delivered via app to individual drivers.
2017London, England, United KingdomUSD 206.3 M––
Cloud-based platform for property and casualty insurance is provided.
2001San Mateo, California, United States–USD 1.48 B226
Claims administration, loss adjusting, and benefits management services are provided.
1969Memphis, Tennessee, United StatesUSD 2.63 M––
Online property and casualty insurance is provided for businesses.
2017San Francisco, California, United StatesUSD 800 M––
Satellite-based imaging solutions are provided using synthetic aperture radar.
2016Palo Alto, California, United StatesUSD 233.99 M–191
API-enabled insurance distribution platform is provided for B2C companies.
2011Noida, Uttar Pradesh, IndiaUSD 120.6 M––
AI and microsatellite-based imaging solutions are developed for data monitoring.
2014Espoo, FinlandUSD 1.16 B––
Software suite for insurance distribution and management is provided.
2014New York, New York, United StatesUSD 354.55 MUSD 21.6 K–
AI-enabled driver monitoring and fleet safety management solutions
2015Palo Alto, California, United StatesUSD 182.84 M––
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Frequently Asked Questions about Finaeo

Finaeo was founded in 2016 and raised its 1st funding round 1 year after it was founded.

Finaeo is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.

Finaeo is a funded company, having raised a total of $6M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.81M, raised on Sep 2017.

Finaeo operates as a digital marketplace that empowers independent life insurance brokers by offering tools for product comparisons, quote generation, and policy placement. It serves brokers, carriers, and clients through features like client portals and contact management. Based in the US and Canada, it streamlines insurance processes, reduces costs, and enhances efficiency via a user-friendly interface for digital onboarding and document sharing.

Finaeo's top competitors include Glia, Shift Technology and PureFacts.

Finaeo offers Marketplace, Client Portal, and Product Comparison.

Finaeo has 11 investors. Key investors include Gener8tor, Roboventures, OnRamp Insurance, Luge Capital, and RGAX.

The website of Finaeo receives about 681 thousand visits a month.

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