About Spraoi
Spraoi is a Financial Services company based in Ardmore (United States) founded in 2018 by Karan Mishra, Matthew O’Mara, and Santoash Rajaram, and was acquired by FINEOS in May 2021. It operates as a cloud-based software solutions for insurance sales and distribution are provided. Its chief executive is Matthew O’Mara. Its focus areas include FinTech, Insurance IT, Corporate Functions and Sales & Marketing. Its legal entity is Spraoi Software Development Servicesprivate Limited. Its competitors include Noyo, Px, GoHealth, Zelros and Joshu and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Spraoi was founded in 2018 and is based in Ardmore, United States. Cloud-based software solutions for insurance sales and distribution are developed. Kwikcover is offered as a microservices-based portal application handling sales, service, and claims to support direct-to-consumer models. The Insurance Machine Learning Suite is also provided, incorporating algorithms for data analytics in the insurance sector.
Investors in Spraoi
Spraoi has secured backing from 1 investor. Prominent investors backing the company include FINEOS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance quoting and underwriting solutions for the life and health insurance industry | 1993 | fineos.com | Dublin, Ireland |
Investor details for Spraoi
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People of Spraoi
3 people are tracked at Spraoi (3 in leadership).
| Name | Role | Group |
|---|---|---|
Karan Mishra | Co-Founder & COO | Leadership |
Matthew O’Mara | Co-Founder & CEO | Leadership |
Santoash Rajaram | Co-Founder & CTO | Leadership |
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Timeline of Spraoi
2 dated milestones of Spraoi across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Spraoi is founded.
- Exit Acquired by FINEOS.
Competitors of Spraoi
Spraoi has 9 listed competitors in our database, 9 of them funded. They include Noyo, Px, GoHealth, Zelros and Joshu, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| noyo.com | 2011 | Boston, United States | $57.5M | 66 | Insurance data exchange and benefit administration solutions for employers | |
| px.com | 2016 | New York, United States | $12.5M | 12 | Lead exchange platform is operated as SaaS for advertisers. | |
| gohealth.com | 2001 | Chicago, United States | $50M | 2,467 | Healthcare insurance solutions are offered via a digital platform. | |
| zelros.com | 2015 | Paris, France | $15.54M | – | AI-based solutions for insurance sales and marketing are provided. | |
| joshuins.com | 2020 | Menlo Park, United States | $3.7M | – | Digital distribution and sales solutions for insurance carriers are provided. | |
| mfast.vn | 2017 | Ho Chi Minh, Vietnam | $10M | – | Provider of automated sales and commission payment platform for insurance and financial products | |
| anorak.life | 2017 | London, United Kingdom | $19.12M | 33 | Income protection and life insurance are provided by Anorak. | |
| ensuredit.com | 2019 | Bengaluru, India | $4.98M | 34 | Insurance technology solutions for digital distribution and analytics are provided. | |
| assurone-group.com | 2004 | Paris, France | $20.49M | – | Insurance distribution solutions for Insurance players |
Detailed competitors of Spraoi
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Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as Spraoi (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
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 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Spraoi
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Frequently Asked Questions about Spraoi
Spraoi was founded in 2018.
Spraoi is headquartered in Ardmore, United States. It is registered at Ardmore, Oklahoma, United States.
Matthew O’Mara is the current CEO of Spraoi. They have also founded this company.
Annual revenue of Spraoi is $646.87K as on Mar 31, 2022.
Spraoi was founded in 2018 and is based in Ardmore, United States. Cloud-based software solutions for insurance sales and distribution are developed. Kwikcover is offered as a microservices-based portal application handling sales, service, and claims to support direct-to-consumer models. The Insurance Machine Learning Suite is also provided, incorporating algorithms for data analytics in the insurance sector.
Spraoi has 1 investor. Key investors include FINEOS.
Spraoi operates through Spraoi Software Development Servicesprivate Limited.
Yes. Spraoi was acquired by FINEOS in May 2021.