Annual insurance premiums of $5K–$100K are due upfront — straining cash flow for 70% of SMBs. Monthly payment options from carriers are limited and expensive (15–20% APR equivalent). Insurance brokers lose deals because clients can't afford the lump sum. Existing premium finance companies have paper-heavy processes.
Digital premium financing platform where businesses apply in 2 minutes, get approved instantly based on business health, and pay insurance premiums in 9–10 monthly installments — with direct payment to the insurance carrier.
Small businesses with $5K–$100K annual insurance premiums, insurance brokers wanting to close more deals by offering financing, and businesses preserving cash flow for operations instead of insurance
SMB cash flow is tighter than ever. Insurance premiums increased 20%+ due to inflation. Digital lending infrastructure is mature. Embedded lending at insurance purchase point drives conversion. Paper-based competitors are ripe for disruption.
Interest income: 8–12% APR on financed premiums. Origination fee: 1–3% of financed amount. Broker commission: 1–2% referral fee. Average loan: $15K with 10-month term.
Premium finance. Traditional player, paper processes, slow approval
Premium financing. Largest in market, institutional-focused, dated tech
Premium financing. Strong market position, limited digital experience
Limited availability, 15–20% APR equivalent, not all policies eligible
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