About Illumifin
Illumifin is a company based in United States founded in 2019.. The company has 269 employees as of December 31, 2021. Illumifin has completed 1 acquisition, including LTCG. Illumifin offers products and services including Business Process Outsourcing Services, Assessment Services, Provider Solutions, Life, Annuity, and Health Software, and Actuarial & Consulting Services. Illumifin operates in a competitive market with competitors including Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, among others.
- Headquarter United States
- Employees 269 as on 31 Dec, 2021
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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 Illumifin Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
269
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Illumifin
Illumifin offers a comprehensive portfolio of products and services, including Business Process Outsourcing Services, Assessment Services, Provider Solutions, Life, Annuity, and Health Software, and Actuarial & Consulting Services. 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.
Handles insurance processes to reduce inefficiencies and leverage technology.
Gathers health data for accurate underwriting and claim decisions.
Automates claims, fraud detection, and provider communication processes.
Manages policy administration for life, health, and annuity products.
Provides data analytics and risk assessments for mergers and clients.
Promotes aging in place to reduce claims and support independent living.
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Software Development Team
13 people
Operations Team
11 people
Leadership Team
7 people
Finance and Accounting
5 people
Senior Team
4 people
Manager Team
2 people
Data Analysis and Operations Team
2 people
Human Resources and Administration
2 people
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Funding Insights of Illumifin
| 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 |
Investments & Acquisitions by Illumifin
Illumifin has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include LTCG. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Business process outsourcing services are provided for the insurance sector.
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1996 |
| 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 - Illumifin
| 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 |
Illumifin Comparisons
Competitors of Illumifin
Illumifin 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 Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, 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 |
A platform for digital insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Cloud-based solutions for insurance policy management and underwriting are offered.
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| domain | founded_year | HQ Location |
AI-based software suite is provided for banking and insurance sectors.
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| domain | founded_year | HQ Location |
Insurance policy and claim management solutions for the insurance industry
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| domain | founded_year | HQ Location |
Cloud-based insurance software suites are developed for insurers and partners.
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| domain | founded_year | HQ Location |
Cloud-based software solutions for credit insurers, surety bonds & trade finance
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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 Illumifin
Frequently Asked Questions about Illumifin
When was Illumifin founded?
Illumifin was founded in 2019.
Where is Illumifin located?
Illumifin is headquartered in United States.
How many employees does Illumifin have?
As of Dec 31, 2021, the latest employee count at Illumifin is 269.
What does Illumifin do?
Illumifin was founded in 2019 and is headquartered in the United States. Third-party administration services are delivered by the company, focusing on operational support for administrative tasks in sectors such as benefits and finance. Activities include processing, compliance, and management functions for external clients. The firms domain, illumifin.com, facilitates online access to these services across the country. Expansion has been noted since inception, with emphasis on reliable execution.
Who are the top competitors of Illumifin?
What products or services does Illumifin offer?
Illumifin offers Business Process Outsourcing Services, Assessment Services, Provider Solutions, Life, Annuity, and Health Software, and 2 more products and services.
How many acquisitions has Illumifin made?
Illumifin has made 1 acquisition, including LTCG.