About InsurePay
InsurePay is a company based in Fort Lauderdale (United States) founded in 2003. InsurePay has raised $5 million across 3 funding rounds from investors including Aquiline Capital Partners and FINTOP. InsurePay has completed 2 acquisitions, including AcordPay and ClearPay. InsurePay offers products and services including Pay-as-you-go Workers Comp Billing, Premium Payments, Reconciliation, Claims Payments, and Commissions. InsurePay operates in a competitive market with competitors including Functional Finance, SCIO Health Analytics, Ascend, AIR Worldwide and ePayPolicy, among others.
- Headquarter Fort Lauderdale, United States
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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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- Legal Name Split Limit Studios Llc
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$5 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
Aquiline Capital Partners
& 1 more
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Employee Count
Not available
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Investments & Acquisitions
AcordPay
& 1 more
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Products & Services of InsurePay
InsurePay offers a comprehensive portfolio of products and services, including Pay-as-you-go Workers Comp Billing, Premium Payments, Reconciliation, Claims Payments, and Commissions.
Calculates premiums based on real-time payroll data for workers' compensation.
Offers flexible payment options to policyholders at zero cost.
Automatically reconciles payments from agencies and vendors.
Streamlines payments to policyholders for claims processing.
Automates payments to agency partners.
People of InsurePay
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Funding Insights of InsurePay
InsurePay has successfully raised a total of $5M across 3 strategic funding rounds. 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.
Investors in InsurePay
InsurePay has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Aquiline Capital Partners and FINTOP.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and debt investments are directed toward financial sectors.
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Investor details for InsurePay
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Investments & Acquisitions by InsurePay
InsurePay has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AcordPay and ClearPay.
Investment portfolio details for InsurePay
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Accounts payable and receivable solutions are provided for insurers.
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Locked | Locked | 2019 | Locked | |
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Carrier payment and settlement solution for the insurance industry
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Locked | Locked | 2013 | Locked |
Complete acquisition details for InsurePay
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- Transaction dates
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Financial Statements - InsurePay
Detailed financials for InsurePay
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- Profit trends
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Insurepay Comparisons
Peer comparison for InsurePay
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Competitors of InsurePay
InsurePay 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 Functional Finance, SCIO Health Analytics, Ascend, AIR Worldwide and ePayPolicy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online payment platform for insurance companies
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Provides payment integrity solutions for healthcare organizations
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Online insurance payments and premium financing are enabled for businesses.
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Cloud-based risk management solutions for insurance are provided.
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Insurance payments are collected online via ACH and credit cards.
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Detailed competitors of InsurePay
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Latest news on Insurepay
Complete news archive for InsurePay
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Frequently Asked Questions about InsurePay
InsurePay was founded in 2003 and raised its 1st funding round 18 years after it was founded.
InsurePay is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
InsurePay is a funded company, having raised a total of $5M across 3 funding rounds to date.
InsurePay was founded in 2003 and is headquartered in Fort Lauderdale, United States. Operations focus on the insurtech sector, where a cloud-based platform is utilized to integrate with existing payroll systems. Insurance premiums are collected directly from employee payrolls based on signed policies. Services are extended to payroll providers, insurance carriers, agents, and policyholders to facilitate efficient management.
InsurePay's top competitors include Functional Finance, Ascend and AIR Worldwide.
InsurePay offers Pay-as-you-go Workers Comp Billing, Premium Payments, Reconciliation, Claims Payments, and Commissions.
InsurePay has 2 investors. Key investors include Aquiline Capital Partners, and FINTOP.