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Cloud Software Startup Investment Opportunity in Dubai, United Arab Emirates

An insurance technology marketplace platform to connect insurers and brokers via SaaS & APIs.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 65 thousand
EBITDA Margin Nil
Industries Cloud Software + 1 more
Locations  Dubai
Local Time 2:01 AM Asia / Dubai
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 500 thousand for 15.0% stake (Native Currency: AED 1,900,000)
Reason: We are seeking funding to grow our engineering team so we can address the larger, more lucrative mar... View More
Includes physical assets worth USD 8 thousand
Interested to connect with advisors
Documents
Business Overview

- Business develops ERP & cloud software for the insurance industry.

- We first launched our software platform in our home market, the UAE, in Q4 2018.

- Our platform consists of our insurance broker, insurance e-commerce and quoting engine software.

- Since then we have successfully signed on some of the largest and most reputable insurance brokers in the country as our clients.

- Serving 8 insurance companies in Dubai & wish to expand in neighboring cities.

- Our first insurer partner is the UAE's largest retail motor insurance provider.

- Exceptionally strong management team with 15 years of insurance and technology experience.

- Business is a Techstars Class of 2018 company.

- Business is not generating any profit at this stage.

Products & Services Overview

1) Insurance Broker Software - This system allows a broker to digitize all day-to-day activities and workflows such as client onboarding, issuing policies, task management, document management and analytics / reporting.

2) E-Commerce Module - It makes easy for a traditional insurance broker to quickly and cost-effectively create an online insurance shopping experience for their clients. Also, templates are conversion-optimized and can be white-labeled for a client in a matter of days.

3) Quoting Engine - Gives our clients a single point of access to the APIs, rates and underwriting rules of the region's insurers and carriers. Allows a broker to automatically pull quotes from multiple insurers without having to manually enter data into all of the separate underwriting systems, delivering workflow time savings of over 90%.

Facilities Overview

Single 160 m2 office in UAE in a free zone.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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