About SmartPay
SmartPay is a Financial Services company based in Southington (United States) founded in 2010. Cloud-based pay-as-you-go software for workers compensation is provided. It operates on a SaaS (Software-as-a-Service), Pay-per-Use / Usage-Based, and InsurTech model. SmartPay has raised $1.4 million across 1 funding round from investors including Connecticut Innovations, Tennant Capital and Stonehenge Capital. The company has 33 employees. Its website smartpayllc.com draws about 30 thousand monthly visits. SmartPay offers products and services including PayGo Solution. Its focus areas include Insurance and InsurTech. Its legal entity is SmartPay Solutions, LLC. Its competitors include Exactuals, InsurePay and SCIO Health Analytics; 3 of its 3 listed competitors have raised funding.
Company details
SmartPay is established as a prominent provider of pay-as-you-go solutions for various lines of insurance, particularly workers compensation. Services are offered through a SaaS-based platform that integrates with existing processes of insurance providers, agents, payroll providers, and policyholders. The company is focused on delivering flexible payment options based on actual payroll data, reducing audit surprises, and improving cash flow for clients. Operations are supported by best-in-class technology and in-house customer care, ensuring seamless service across the insurance sector. Partnerships are maintained with over 75 providers, 3,000 agents, and 350 payroll providers, catering to more than 30,000 policyholders.
- Headquarters Southington, United States
- Employees 33
- SectorsFinancial Services
- Website category Finance · Insurance
- Phone•••• ••••
- Website smartpayllc.com
- Social LinkedIn X
- Legal Name Smartpay Solutions, Llc
- Total Equity Funding$1.4M (USD)
in 1 rounds
- Latest Funding Round$1.4M (USD), Series A
Jun 2014
- InvestorsConnecticut Innovations
& 2 more
- Employee Count33
Products & Services of SmartPay
SmartPay offers a comprehensive portfolio of products and services, including PayGo Solution.
Pay-as-you-go insurance payments are facilitated for workers' compensation.
Funding Insights of SmartPay
SmartPay has successfully raised a total of $1.4M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.4 million completed in June 2014. 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 $1.4M
- Total Rounds 1
- Last Round Series A — $1.4M
- First Round $1.4M
(Jun 2014)
- Investors Count 3
All 1 funding rounds of SmartPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2014 | $1.4M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in SmartPay
SmartPay has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Connecticut Innovations, Tennant Capital and Stonehenge Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital services for biotech, IT, and innovative sectors in Connecticut. | ctinnovations.com | |||
| tennantcapital.com | ||||
US private equity investments are managed by Stonehenge Capital. | stonehengecapital.com | Baton Rouge, United States |
Investor details for SmartPay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of SmartPay
9 people are tracked at SmartPay (3 in leadership, 6 in team); the tracked headcount is 33.
| Name | Role | Group |
|---|---|---|
Bob Conerly | CEO | Leadership |
Jim Mooney | CTO | Leadership |
Eric Alstrom | Vice President Of Sales & Business Development | Leadership |
Dino Carbone | EVP, Sales & Marketing | Team |
Dane Johnston | Controller | Team |
Clayton Terrill | Software Engineer | Team |
Kelly Byrnes | Senior Software Developer | Team |
Ryan Kelley | Senior ASP.NET Software Developer | Team |
Trinita Shade | Technical Account Executive | Team |
Complete people profiles for SmartPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of SmartPay
2 dated milestones of SmartPay across 4 years, from founding to its latest funding, stage changes and deals.
- Founded SmartPay is founded.
- Funding First funding round of $1.4M.
Competitors of SmartPay
SmartPay has 3 listed competitors in our database, 3 of them funded. They include Exactuals, InsurePay and SCIO Health Analytics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| exactuals.com | 2011 | Los Angeles, United States | $20.6M | Cloud-based payroll management is delivered to enterprises in creative sectors. | ||
| insurepay.com | 2003 | Fort Lauderdale, United States | $5M | 17 | Cloud-based payroll integration is provided for insurance premium collection. | |
| sciohealthanalytics.com | 2007 | West Hartford, United States | $17.93M | 302 | Provides payment integrity solutions for healthcare organizations |
Detailed competitors of SmartPay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SmartPay
The website of SmartPay (smartpayllc.com) receives about 29.8K visits a month and ranks #852,717 among all websites worldwide, #3,771 in Insurance.
- Monthly visits29.8K
▲ 30.3% vs previous month
- Unique visitors8.6K
per month
- Global rank#852,717
among all websites
- Category rank#3,771
Finance · Insurance
- Bounce rate19%
- Pages per visit5.3
- Average visit5 min 58 sec
- DevicesDesktop 92% · Mobile 8%
Websites whose visitors overlap most with SmartPay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| smartpaylease.com | 100% | 118.2K | #280,426 | View details | |
smartpay.com | smartpay.com | 89% | #873,590 | – | |
| creditreport.com | 80% | 6K | #2,420,992 | View details | |
| youtube.com | 35% | 30.4B | #2 | View details |
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as SmartPay (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Smartpay
Complete news archive for SmartPay
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Frequently Asked Questions about SmartPay
SmartPay was founded in 2010 and raised its 1st funding round 4 years after it was founded.
SmartPay is headquartered in Southington, United States. It is registered at Southington, Connecticut, United States.
SmartPay is a funded company, having raised a total of $1.4M across 1 funding round to date. The company's 1st funding round was a Series A of $1.4M, raised on Jun 2014.
SmartPay has 33 employees.
SmartPay is established as a prominent provider of pay-as-you-go solutions for various lines of insurance, particularly workers compensation. Services are offered through a SaaS-based platform that integrates with existing processes of insurance providers, agents, payroll providers, and policyholders. The company is focused on delivering flexible payment options based on actual payroll data, reducing audit surprises, and improving cash flow for clients. Operations are supported by best-in-class technology and in-house customer care, ensuring seamless service across the insurance sector. Partnerships are maintained with over 75 providers, 3,000 agents, and 350 payroll providers, catering to more than 30,000 policyholders.
SmartPay's top competitors include Exactuals, SCIO Health Analytics and InsurePay.
SmartPay offers PayGo Solution.
SmartPay has 3 investors. Key investors include Connecticut Innovations, Tennant Capital, and Stonehenge Capital.
SmartPay operates through Smartpay Solutions, Llc.