Cloud Software Startup Investment Opportunity in Dubai, United Arab Emirates
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 |
- 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.
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%.
Single 160 m2 office in UAE in a free zone.
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Earlier than 15 daysCEO, Ship Supplies, Dubai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder & CEO, Chennai, M&A Advisor connected with the Business
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Earlier than 15 daysGeneral Manager, Business Consulting, Dubai, Individual Investor / Buyer connected with the Business