Foxquilt to Support Small Businesses with Smarter Insurance
Foxquilt, an Insurtech company, is helping small businesses so that they can apply digital solutions and empower their consumers.
FREMONT, CA: Recently Foxquilt, a leading Insurance Technology company, has declared that it has raised $3.5M in seed funding.
The COVID-19 crisis has focused the value of community and increased the necessity for businesses to implement digital solutions, exceed innovative offerings, and empower their consumers. Foxquilt will utilize their new $3.5M seed so that they can continuously innovate the technologies and data science that will offer small businesses with personalized insurance at considerable savings.
Foxquilt will offer power to the small businesses and B2B networks so that they can save Business Insurance by leveraging their Insurance-as-a-Service platform and distinctive underwriting infrastructure. Furthermore, the company has recently aligned with numerous underwriting partners which allowed the company to become a full-service Insurance supplier and developer of new products for small businesses.
The CEO and Co-Founder of Foxquilt, Mark Morissette says, "receiving our $3.5M seed round allows us to move forward in transforming our insurance platform to become a full-service provider, so we can continue supporting small business owners through COVID-19 and beyond." He even mentions that "our group has hired nine additional team members across all functions in the past sixty days. We are excited to further pursue our mission to become the leading Commercial Insurance Technology company in North America."
Check Out: Top Insurtech Companies
Foxquilt provides the business owner with simplicity, savings, and new insurance products. The company's full-stack underwriting platform controls smart data and machine intelligence, to determine the nature of the business so that they can effectively underwrite the offers risks and complement it with the appropriate coverages. Their serverless micro-service architecture allows go-to-market speed while getting ready to scale when the business grows.
The next step of the company will be to become a full-service insurance contributor with a self-serve platform that permits the customers to buy policies online and modify the policy features as their business requirements. They will even launch proprietary small business products in the future, along with new distribution channels that consist of direct-to-consumer, B2B integrations and open APIs with selected partners.
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
By George Evans, CIO, Singing River Health System
By John Kamin, EVP and CIO, Old National Bancorp
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
By Gregory Morrison, SVP & CIO, Cox Enterprises
By Alberto Ruocco, CIO, American Electric Power
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
By Sergey Cherkasov, CIO, PhosAgro
By Pascal Becotte, MD-Global Supply Chain Practice for the...
By Stephen Caulfield, Executive Director, Global Field...
By Shamim Mohammad, SVP & CIO, CarMax
By Ronald Seymore, Managing Director, Enterprise Performance...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
By Jim Whitehurst, CEO, Red Hat
By Clark Golestani, EVP and CIO, Merck
By Scott Craig, Vice President of Product Marketing, Lexmark...
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
By Amit Bahree, Executive, Global Technology and Innovation,...
By Greg Tacchetti, CIO, State Auto Insurance