USAA

American Family Insurance

State Farm

Liberty Mutual Insurance

Democratizing financial technology with a suite of API-based solutions

FinTech Infrastructure

MX offers an open finance portal, data connectivity application programming interface (API), and MX platform API for banks, credit unions, and other financial service providers. The company’s solutions allow its clients to utilize financial data to reduce fraud, approve loans faster, and improve their customer experiences. In addition to APIs and connections, MX also offers a range of capabilities, including data aggregation, analytics, financial feed insights, wealth and investment services, and verification services. MX looks to enable banks and financial institutions to launch next-generation services and apps that automate and personalize financial experiences. As of January 2021, the company noted that it worked with more than 2,000 banks, credit unions, and FinTech companies, and its platform reached over 200 million end-users. Moreover, it also powered 43 of the top 50 digital banks as of the same period. In <a href="https://sp-edge.com/updates/8753?industryIds=53">February 2022, MX partnered </a>with <a href="https://sp-edge.com/companies/361160">Rize </a>, to enable users to access Rize’s banking infrastructure to build, launch, and scale financial products through a single API, thereby reducing the development time and cost. In January 2021, MX raised USD 300 million in a Series C funding round led by TPG Capital, at a valuation of USD 1.9 billion. The newly raised funds are to be invested in improving MX’s capabilities, expanding its global presence, and increasing its workforce. In January 2021, MX noted that its headcount tripled over the past two years, reaching 550 staff members. The company appointed Shane Evans as interim chief executive officer (CEO) in January 2022, to prepare the company for an IPO or sale (at a valuation of over USD 5 billion) and oversee its growth.

ClickSWITCH provides white-label infrastructure platform for financial institutions and financial technologies (FinTechs) to build solutions for account holders to seamlessly switch financial institutions. Users can build their switching solutions, using the company’s open APIs that also leverage robotic process automation.As of February 2021, the company reported that its platform was used by over 450 financial institutions and FinTechs, across the US and Canada. ClickSWITCH raised USD 2 million in Series B funding from a USAA subsidiary, in September 2020. The company intends to invest the fresh funds in expanding its workforce and expanding the solutions and features on its platform.

Facial recognition delivers incredible convenience to consumers, as well as serious risks.

Facial Recognition

<div>
 
 ID.me provides a digital wallet and identity verification services. It puts users in control of data and how they use the digital wallet to access benefits and services. The company offers a range of services, including Digital Wallet that allows access to government services and benefits; Identity Verification; Government Services; Discounts and Cash Back providing big discounts and cash backs from over 5,000 stores; and Prescription Services that enable savings of up to USD 95 per prescription through the Rx Card.
 
 
 
 
 ID.me operates on a B2B and B2C sales model. It provides special discounts for military personnel, nurses, teachers, medical providers, first responders, and EMT and government employees. Moreover, any savings obtained through the ID.me Rx Program cannot be combined with insurance, Medicare, Medicaid, and other discounts in a single transaction.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 ID.me has partnerships with 31 states, multiple federal agencies, and over 500 name brand retailers. Moreover, it has over 112 members and is accepted by more than 600 partners. Shopify is considered to be the company&rsquo;s largest partner. Meanwhile, it serves a customer base across the retailers, healthcare, financial services, and travel and leisure industries, as well as government agencies. Apple, Amazon, Yeti, Lenovo, and Ford are among ID.me&rsquo;s customers.
 
 
 
 
 Funding and Financials
 
 
 ID.me raised USD 132 million from its latest funding round in April 2023. This was a Series D round led by Viking Global Investors, and the funds raised were used to build the company&rsquo;s secure digital identity network.
 
 
 
</div>

New data privacy regulations have opened up space for a new wave of compliance-focused startups.

Digital Privacy Tools

<div>
 
 Enveil is a B2B privacy enhancing technology (PET) startup that provides privacy-focused search and analytics solutions based on homomorphic encryption and secure multiparty computation to protect data in use. Enveil ZeroReveal is a two-party, proxy layer software system that leverages PETs, to allow customers to extract insights, cross-match, search, and analyze data assets whilst protecting the content, security, and ownership of the underlying data. The software&rsquo;s decentralized approach facilitates secure data usage, data collaboration, and monetization of data while it is being used or process. 
 
 
 The ZeroReveal portfolio is comprised of two products&mdash;ZeroReveal Search, which is an encrypted search tool that allows users to perform secure encrypted searches on data in any environment (cloud, on-premise, or hybrid), and ZeroReveal Machine Learning, which delivers encrypted machine learning (ML) capabilities throughout the entire evaluation life cycle in order to allow organizations to leverage ML models and securely derive insights from data sources across organizational, jurisdictional, and security boundaries.
 
 
 Enveil&rsquo;s revenue increased more than 300% between February 2020 and April 2022. The company serves organizations spanning across the financial services, healthcare, and government sectors.
 
 
 In April 2022, the company 
 <a href="https://sp-edge.com/updates/10049">
 raised USD 25 million
 </a>
 in a Series B funding round led by USAA. The funds were utilized to expand its ZeroReveal product line, on sales and marketing activity to grow its customer base, and to increase its presence in both commercial and government markets.
 
</div>

Eliminating financial intermediaries by directly connecting individuals and businesses

P2P Financial Platforms

Prosper is an online peer-to-peer lending platform that has facilitated over USD 27 billion in loans to more than 1.7 million people since its inception in 2005. It connects borrowers seeking personal loans with investors willing to fund those loans. Prosper offers a range of financial products, including personal loans, home equity loans, home equity lines of credit (HELOCs), and credit cards.
Personal loans through Prosper range from USD 2,000 to USD 50,000, with repayment terms of two to five years. These unsecured loans can be used for various purposes, such as debt consolidation, home improvements, medical expenses, and large purchases. Prosper's proprietary model evaluates factors like credit score, income, and ability to repay when underwriting loan applications.
To receive a personal loan, borrowers go through a pre-qualification process that involves a soft credit check. If approved, their loan request is listed on the platform for investors to consider funding. Once the loan is fully funded by investors, the borrower receives the funds, typically within one to three business days after completing final requirements.
As of January 2024, the average personal loan amount through Prosper was USD 13,500, with an average annual percentage rate (APR) of 20.2% and an origination fee ranging from 1% to 9.99%. Prosper's minimum credit score requirement is 560, and the average borrower credit score is 710.

Cryptocurrencies

<div>
 
 Coinbase is a leading cryptocurrency exchange platform founded in 2012 by Brian Armstrong and Fred Ehrsam. As of 2024, it offers trading services for over 200 cryptocurrencies, including popular coins like Bitcoin, Ethereum, and Dogecoin. Coinbase provides both simple and advanced trading options through its main platform and Coinbase Advanced (formerly Coinbase Pro), catering to retail and institutional investors alike. The company's primary revenue streams come from transaction fees and subscriptions. Coinbase also offers additional services such as cryptocurrency staking, a self-custody digital wallet, an NFT marketplace, and educational content through its &quot;learn and earn&quot; program. In April 2021, Coinbase became a publicly traded company on the Nasdaq under the ticker COIN. The platform emphasizes security, storing 98% of customer assets offline in cold storage and carrying crime insurance to protect against potential breaches. Coinbase has developed institutional offerings like Coinbase Prime, which provides advanced trading tools and custody solutions for large-scale crypto transactions. In June 2023, Coinbase launched Base, its own Layer 2 blockchain network built on Ethereum, to facilitate faster and cheaper transactions.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Coinbase has established itself as a trusted partner for both individual and institutional clients. In January 2024, the company played a significant role in the launch of spot Bitcoin ETFs, serving as a custody partner for many of the newly approved funds. By April 2024, these ETFs had collectively brought in over USD 50 billion in assets. In July 2024, Coinbase secured a notable partnership with the US Department of Justice, with the US Marshals Service selecting Coinbase Prime to handle custody and trading services for forfeited digital assets. This USD 32.5 million contract demonstrates the company's growing acceptance by government institutions. Coinbase has also formed strategic alliances in the payments sector, partnering with Stripe in June 2024 to enhance fiat-to-crypto onboarding and enable USDC payments across 150 countries. Additionally, the company has collaborated with tech giants like Meta, integrating NFT support for Instagram through the Coinbase Wallet.
 
</div>

Promises increased productivity, cost-efficiency, and competitiveness in the legal industry

LegalTech

Trust & Will is an online estate planning platform that enables individuals to create wills, trusts, and other legal documents for end-of-life planning. Their platform simplifies the process of drafting these documents by guiding users through a series of questions and providing templates tailored to their specific needs.
Trust & Will's will-making service allows customers to create a legally valid last will and testament for a one-time fee starting at USD 199 for individuals or USD 299 for couples. Their trust services, priced at USD 499 for individuals and USD 599 for couples, assist in setting up revocable living trusts to avoid probate and manage assets in case of incapacitation.
A key differentiator of Trust & Will is their annual USD 19 membership which provides unlimited updates to estate planning documents as life circumstances change. Customers can also opt for an additional USD 300 fee to get a year of attorney support.
Trust & Will caters to those seeking a straightforward and affordable approach to estate planning, though their services may not be suitable for complex family or financial situations.

Building future-ready applications in the cloud

Cloud-native Tech

<div>
 
 SymCloud (formerly Robin.io) provides Kubernetes-native platform solutions for modern, cloud-native applications.
 
 
 The company&rsquo;s main product is its Kubernetes-based application automation platform, which provides developers with a self-service platform for deploying, scaling, and managing their applications. The platform also allows IT teams to manage and orchestrate the entire lifecycle of an application, from deployment to upgrades and maintenance.
 
 
 SymCloud's platform is built on open-source technologies, including Kubernetes, and is vendor-agnostic, allowing customers to run their applications on any infrastructure (on-premises, in a public cloud, or in a hybrid environment). The company also provides a suite of tools to help enterprises manage the life cycles of their applications, including monitoring, logging, and security.
 
 
 SymCloud carries a patented technology for application-aware storage, which enables enterprises to optimize their storage resources based on the specific needs of each application. As per the company, this allows IT teams to allocate storage resources more efficiently and reduce costs while improving application performance.
 
 
 SymCloud's sales model is primarily enterprise-focused, and it sells its products and services through direct sales and partnerships with resellers and system integrators.&nbsp;
 
 
 In February 2023, the company was acquired by Rakuten Symphony, the telco-focused arm of Japan&rsquo;s Rakuten Group.
 
 
 Key customers and partnerships
 
 
 SymCloud has several key strategic partners across the cloud infrastructure, telecommunications, and enterprise application sectors. Some of its notable partners include Intel, Supermicro, Dell, Lenovo, Wipro, and AMD.
 
 
 
</div>

InsurTech: Infrastructure

<div>
 
 Snapsheet provides a Software-as-a-Service (SaaS) solution for insurers to digitize their claims processing from First Notification of Losses (FNOLs) all the way to processing disbursements. The platform includes features such as real-time status tracking, payee engagement, financial reporting, and integration with banking platforms. Started under the name BodyShopBids and providing a marketplace for auto repairs that allowed customers to comparison shop by uploading photos of their vehicles, in 2012, the company pivoted to licensing its technology to insurers, enabling them to carry out appraisals virtually without having an agent on site.&nbsp;
 
 
 
 
 The company was forced to furlough 100 staff due to the downturn caused by the Covid-19 pandemic, but by March 2021, the company had reengaged 24 of those employees for a total headcount of 220 people with plans to expand its team by 170 over the next two years.
 
 
 Snapsheet has partnered with insurance startups such as Kin Insurance, Clearcover, and Branch Insurance to power their claims management systems and has also entered into cross-industry partnerships with car-sharing platform Getaround and salvage vehicle marketplace Insurance Auto Auctions (IAA). As of March 2021, the company claims to have processed millions of claims and more than USD 7 billion in appraisals for more than 100 clients including Zurich Insurance and the car rental company Hertz.
 
 
 In March 2021, the company raised USD 30 million in a Series E2 funding round led by Ping An Global Voyager Fund and Pivot Investment Partners. The company expects to use the funding to add new features to its claims management platform and grow its team.
 
</div>

Grow Credit helps consumers with no credit or thin credit files establish or build credit for free using their existing subscription accounts, including Netflix, Disney Plus, Spotify, and many more. Grow is also the first platform to allow consumers to build credit with their cell phone bills. The company was founded in 2018 and is based in Santa Monica, California.

Trust & Will is simplifying estate planning and settlement with attorney-approved, legally valid documents and processes designed to adhere to individual state guidelines. Since 2017, we’ve helped hundreds of thousands of Trust & Will members leave their legacy with an affordable way to create an estate plan or settle the estate of a loved one. Our platform uses bank-level encryption that protects customer data and complies with the highest security standards, including SOC 2 and HIPAA. Trust & Will is the official estate planning benefit provider for AARP members, along with several leading financial institutions, who all believe in our mission of helping every family leave their legacy. To learn more, visit trustandwill.com. Trust & Will is an online service providing legal forms and information. Trust & Will is not a law firm and does not provide legal advice.   Trust & Will was founded in 2017 and is headquartered in San Diego, CA.

Lumotive's award-winning optical semiconductor solutions enable advanced sensing and perception capabilities in next-generation consumer, mobility, and industrial automation products such as mobile devices, autonomous vehicles, and robots.  The company's patented Light Control Metasurface (LCM™) beam steering chips deliver an unparalleled combination of high performance, exceptional reliability, and low cost — all in a tiny, easily integrated solution. Lumotive has received measurable industry acclaim including Fierce Electronics' 2021 Startup of the Year award, two CES 2022 Innovation Awards, a CES 2024 Innovation Award, a 2022 SPIE PRISM Award, and a prestigious Edison Award. Investors include Gates Frontier, MetaVC Partners, Quan Funds, Samsung Ventures, and Uniquest.

Team Rubicon is a non-government organization providing disaster relief between the moment a disaster happens and the point at which conventional aid organizations respond. It unites the skills and experiences of military veterans with first responders to rapidly deploy emergency response teams.  On January, 2010, despite government and large aid organization's advice not to proceed, Team Rubicon members crossed the Artibonite River separating the Dominican Republic and Haiti, carrying crucial gear and medical supplies to the people of Port-au-Prince.  Team Rubicon provides its veterans with three things they lose after leaving the military: a purpose, gained through disaster relief; community, built by serving with others; and self-worth, from recognizing the impact one individual can make.  Team Rubicon was founded in 2010 by [William McNulty](https://www.crunchbase.com/person/william-mcnulty) and [Jacob Wood](https://www.crunchbase.com/person/jacob-wood). It is based in El Segundo, C.A.

The American Red Cross (ARC), also known as the American National Red Cross, is a humanitarian organization that provides emergency assistance, disaster relief, and education inside the United States. It is the designated U.S. affiliate of the International Federation of Red Cross and Red Crescent Societies. It is the largest single supplier of blood and blood products in the United States, collecting and processing approximately 40 percent of the blood supply and distributing it to about 2,600 hospitals and transfusion centers nationwide. The organization researches and tests to protect the safety of the blood supply. It was among the first to develop and implement testing for many infectious diseases including, HIV, hepatitis B and C viruses, West Nile virus, and Chagas disease. The ARC operates the nationwide hemovigilance program to examine donor and patient adverse reactions. Data from the program is used to enhance blood product quality and safety The ARC serves on key committees of AABB and other blood-related organizations, and works closely with the U.S. Food and Drug Administration (FDA). The American Red Cross was established in 1881 and is headquartered in Washington, District of Columbia with 39 immunohematology reference laboratories nationwide.

Enveil uses homomorphic crypto to protect data interactions including search and analytics. They allow enterprises to securely operate on both encrypted and unencrypted data in the cloud, on-prem, or anywhere in between.

GreenPath is a national nonprofit that supports people's lifelong financial wellness. We have 60 years of experience in guiding people through financial crisis, and we're expanding to deliver a full spectrum of people-centered resources and tools for every step of the journey.  Everyone deserves the chance to pursue their dreams. We empower people to make financial choices that support their goals.

Hosta Labs automates the analysis of images and videos of interior structures for property insurance carriers to provide a full in-depth view of accurate replacement values and risks in the underwriting process and on raw material quantities and mitigation measures in the claim process. The company was founded in 2020 and operates in Cambridge, Massachusetts.

Hosta a.i. is an AI-powered property assessment solution that uses A.I. spatial and material analytics to automate onsite property assessment with just a few photos. Hosta provides people and businesses with quick, reliable, and trustworthy information about their built environment. Hosta a.i. is designed for anyone involved in the business of protecting, repairing, and enhancing properties.

ClickSWITCH is an automated account holder acquisition technology for financial institutions and FinTechs that simplifies the process of bringing new depositors onboard by quickly, safely, and efficiently switching their direct deposits and recurring payments from their old accounts to new ones. Based in Minneapolis, the company’s industry-leading solution helps clients to increase account holder acquisition and activation rates, engage during onboarding, and cross-sell products to capture full profit potential. ClickSWITCH delivers solutions to financial institutions and FinTechs of all sizes. ClickSWITCH's mission is empowering consumer choice while enabling competitive profitable financial institutions.

Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currency. It allows its users to create their own Bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. Also, it provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet.  Coinbase was launched in 2012 with a mission to create an open financial system for the world. It is operated from San Francisco, California.

Empower security operations and Incident Response teams with a technology that simulates the complex decision-making process and threat analysis skills of experienced analysts. Automate alert triage, response, and hunting to save time and resources, with a platform that can help close skill gaps and .For more information, visit www.intezer.com.

MX is a fintech data company that aims to connect people with their financial data in a way that automates their money experience. It enables fintech and all financial institutions with aggregating, enhancing, analyzing, presenting, and acting on financial data. MX enables banks and credit unions to achieve record-breaking growth by winning their competitor's most profitable account holders. As one of the fastest-growing fintech providers, MX drives customer-centric banking relationships by gathering and providing data upon which online and mobile banking partners and financial institutions can create and deliver next-generation banking applications and solutions. Founded in 2010, MX delivers data aggregation, data cleansing, auto-categorization, classification, money management, custom API, data analytics, marketing, UI, and more. In addition, MX offers an extensive array of client services, ranging from training to custom marketing services. MX currently partners with more than 600 financial institutions and more than 30 digital, online, and mobile banking providers — designating MX as a proven powerhouse in the fintech space.

Consumers today struggle with a decentralized bill pay system that forces them to keep track of their bills and expenses. This has impacted both the consumer’s ability to achieve financial wellness and banks’ capacity to build engaging customer relationships. BillGO is a fintech trailblazer, offering an all-in-one bill management and payments platform that harnesses the power of speed, choice and intelligence to deliver modern bill payment solutions to financial institutions (FIs), fintechs, billers and consumers.  Whether consumers access our technology directly or through their preferred financial services provider, BillGO’s platform enables them to pay their bills when and how they want, which can empower them to better meet their financial obligations, save money and improve their financial well-being.

ROBIN platform extends agility, efficiency, and portability of Kubernetes to all applications, even complex Big Data, Databases, AI/ML and Custom Apps, on Any Infrastructure, On-Premise, Hybrid Cloud or Multi-Cloud. ROBIN facilitates simpler and faster roll-out of critical Enterprise IT and LoB initiatives, such as containerization, cloud-migration, cost-consolidation and developer productivity, solves the fundamental challenges of running big data and databases in Kubernetes and enables the deployment of an agile, and flexible Kubernetes-based infrastructure for your Enterprise Applications. With a team that includes industry veterans from leading enterprise technology companies such as NetApp, Oracle, and Veritas, Robin Systems seeks to disrupt the $20 billion-plus virtualization market with its hyper-converged Kubernetes platform. The San Jose California-based company is backed by leading investors such as  Clear Ventures, DN Capital, USAA, Hasso Plattner Ventures and CloudScale Capital Partners. To learn more about our progress or to explore exciting opportunities at Robin, please visit us at www.robin.io.

Roostify they designed a POS platform to help lending homes to provide loans from banks.

Gridspace provides natural-sounding virtual agents and voice observability software to contact centers. The company is a true, full-stack provider of conversational AI – building and integrating its own enterprise-grade softswitch, real-time conversational ASR, LLMS, semantic search engine, neural TTS, dialog management system, authoring interface, management dashboards and analytics modules.

Flo Technologies is on a mission to prevent loss, one drip at a time. Flo prevents water damage and unnecessary water waste in homes and buildings across the country with its Flo by Moen smart home water monitoring and leak protection system. In 2018 alone, our system helped homeowners save over two million gallons of water and became available in Home Depot stores across the country, on HomeDepot.com, as well as in countless plumbing wholesalers.

CognitiveScale pioneered the concept of 'AI Engineering', paving the way to industrialize scalable Enterprise AI development and deployment. Backed by over 100 issued AI patents, the award-winning Cortex AI Platform empowers businesses to infuse trusted decision intelligence into business processes and applications maximizing total customer experience and operational efficiency. Our platform currently delivers hyper-personalized insights to more than 100 million customers. Headquartered in Austin, Texas, CognitiveScale is recognized by the World Economic Forum for positively impacting business and society through responsible AI. We are backed by investment from Norwest Venture Partners, Intel Capital, IBM, Westly Group, M12 (Microsoft Ventures), Anthem, and USAA.

Automat helps brands listen to their customers, learn their needs, recommend the right products and deliver personalized ecommerce experiences that are actually personal. Stop guessing who your customers are, just ask them.

Narrative Science creates software that writes stories from data to drive understanding and results. Powered by artificial intelligence, its technology automatically turns data into easy-to-understand reports, transforms statistics into stories, and converts numbers into knowledge. The company has two data storytelling products, Quill and Lexio which aim to help businesses understand their data and the story behind it.  The Lexio integrates with many data sources companies use daily, including Salesforce, Google Analytics, Marketo, and many others, to provide actionable insights for those with limited data analytics abilities. The Quill is an intelligent automation platform that allows enterprise organizations to change how they do internal and external reporting by using natural language generation. Narrative Science was founded in 2010 and is headquartered in Chicago, Illinois, United States.

Snapsheet is a cloud-native claims management software that delivers claims experiences through its tech-enabled appraisal services. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. The company also helps the industry with claims innovation, including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.

Context360 develops an application that analyzes mobile application context and usage data. The company provides first party insights, location and context to help initiate relevant messages, advertising, and offers that sustain engagement and drive the long-term value. Its mobile marketing analytics platform offers Senselytics, an autonomous personalization solution for mobile marketers that integrates insights into mobile services used with contextual information derived from smartphone sensors; and provides brand marketers with direct access to insights into user interests, status, motion patterns, and trends. The company’s platform also detects user interests and patterns related to contextual behavior; defines users into actionable, granular personas, and segments that helps to anticipate and predict evolving user interests; delivers automated offers and messaging based on best time and other rules aligned with actual user behaviors and interests. Context360 was founded by Ratnam Tatavarty and Manoj Duggirala in 2014; and is headquartered in San Mateo, California.

PrecisionHawk is an information delivery company that combines unmanned aerial systems, remote sensing technologies, and advanced data analytics to improve business operations and day-to-day decision making. PrecisionHawk brings value to an emerging market by offering an end-to-end solution for aerial data gathering, processing, and analysis to provide actionable information across a wide range of data-intensive civilian industries.  Founded in 2010, the company provides a holistic platform using Unmanned Aerial Vehicles (UAVs) for data collection and analysis software tools to deliver better business intelligence to clients across a wide range of civilian industries. PrecisionHawk also owns aerial data software, DataMapper, satellite imagery provider, Terraserver, and the Low Altitude Traffic and Airspace Safety platform for drones, LATAS. PrecisionHawk is headquartered in Raleigh, North Carolina.

Roost is a Sunnyvale, CA-based developer of smart home technology, They seek to bring smart home functionality to users through using one-step retrofitting of existing household products to provide affordable upgrades. The team at Roost is working to approach smart home technology in ways never seen before. They emphasize simplicity of installation and utilization of existing household products.

Automatic's mission is to empower drivers with knowledge about themselves and their cars so they can be safer and drive smarter. Automatic believes that drivers should not have to buy a new car to have a better driving experience, and that the phone in their pocket can bring the future of driving to today's automobiles.  Automatic is based in San Francisco, California, but its team comes from every corner of the world. The team obsesses about creating beautiful and well-engineered products that make a real difference in people's lives. Its members are big on ideas, low on ego, and love working together.

Prosper is an online lending platform that connects people who want to borrow money with individuals and institutions. Its platform provides lists of loan requests with low, fixed-rate loans and no hidden fees or prepayment penalties, enabling clients to easily gain access to affordable personal loans and investors to earn solid returns via a data-driven underwriting model. The company was founded in 2005 and is headquartered in San Francisco, California.

CaféX a provider of one-click collaboration solutions to help enterprises enhance team productivity and customer engagement within digital channels. It is trusted by top global banks and other leading brands and empowers employees and guests to work together securely without friction from virtually anywhere using their preferred devices and tools. It was incorporated in 2013 and is headquartered in New York City, United States.

MindMeld is an advanced AI platform powering a new generation of intelligent conversational interfaces.  It is the first platform capable of powering intelligent conversational experiences for any app, device or website.  Companies use this platform to create conversational assistants that understand what users say and find the information they need.

Personal Capital is a remote-delivery, industry-leading digital wealth management company that helps people transform their financial lives through technology and advisory services. The company’s state-of-the-art tools and technology provide investors with a complete financial picture, utilized by over 2.5 million customers. Its registered investment advisors provide expert guidance, and customized strategies, based on a personal understanding of an investor’s financial picture and goals. It was founded in 2009 and is headquartered in Redwood Shores, California.

ID.me simplifies how individuals prove and share their identities online. The ID.me secure digital identity network has more than 72 million members with over 145,000 new subscribers joining daily,  including 29 states, 10 federal agencies, and over 500 retail brands. The company provides identity proofing, authentication, and group affiliation verification for organizations across sectors. ID.me technology meets federal standards and the company is approved as a NIST 800-63-3 IAL2 / AAL2 conformant credential service provider by the Kantara Initiative. ID.me is the only provider with video chat and is committed to “No Identity Left Behind” to enable all people to have a secure digital identity.

Saffron is the first artificially intelligent, cognitive computer that learns, reasons and anticipates like you and for you. Saffron fuses the power of computing with brain-like intelligence to help organizations quickly focus on the knowledge that matters most,   anticipate what will happen next, and optimize decisions based on this intelligence. Saffron’s Natural Intelligence Platform mimics our brain's ability to associate people, places and things at the entity level, learn how these entities are connected to every “thing” else, and the context behind these connections.    The platform ingests data from disparate sources and automatically connects the dots to illuminate the intelligence in large complex data sets. Every time new data arrives, Saffron learns its associations with existing memories to find new patterns, similarities, anomalies or sequences, revealing new information and enabling organizations to see specific events and patterns that otherwise would not have been detected. Saffron incrementally learns and adapts in real-time from new incoming data and human feedback.  Saffron integrates with an organization’s existing analytics architecture to not only enhance the speed and volumes at which data can be converted to actionable knowledge, but also critically improve the accuracy of results. Our customers have applied the Natural Intelligence Platform to a number of operational risk intelligence solutions and decision support, including model-free fraud detection, personalized anticipatory maintenance, country risk assessment and personalized customer experience.  With the advent of the Internet of Things and the avalanche of smart devices and sensors capturing data everywhere, Saffron’s Natural Intelligence platform is well poised to scale up to this massive data distribution and make every “thing” more intelligent.

Cartera Commerce delivers the industry's most comprehensive, fully-managed, performance-based offer platform for card issuers, airline frequent flyer programs and merchants.  Cartera works with two of the three largest financial institutions, all five of the largest airlines and hundreds or merchant advertisers to power personalized, omni-channel shopping and marketing programs that build consumer engagement and loyalty, maximize card spend and create new revenue streams.  The Cartera offer platform delivers relevant offers via multiple digital marketing channels including website, online banking, email, mobile, and social media.  The company is headquartered in Lexington, MA.

TrueCar is an information and technology platform that enables its users to communicate with TrueCar certified dealers.  TrueCar is the authority on new-car pricing. It aggregates multiple data sources to show car buyers and dealers how much people actually paid for a particular car in their geographic area. True Car helps dealers gain real-time, unbiased information about marketplace pricing, helping them know how to price their cars to sell more and gain market share from other dealers.   It was by automotive and technology pioneers Scott Painter and Tom Taira.

Care.com connects families with caregivers. It’s a simple concept that’s complicated to execute well, and Care.com strives to do it better than anyone. Whether it’s via our online platform (the world’s largest) or through our corporate clients, we focus on matching families with caregivers uniquely suited to their children, senior loved ones, pets, and homes. Our services and tools meet families where they are and adapt to their changing needs.

Vast accesses the largest sources of new and used cars, homes for sale or rent, and accommodation options. Through Fortune 500 publishers such as Bing, Yahoo, USAA, Southwest, and AOL, Vast supports consumers through the lengthy sales cycles involved in the biggest monetary decisions of their lives: their homes, their cars, and their vacations.   For consumers, Vast blends powerful real-time personalized analysis of local market trends with massive inventory and relevant data from the Automotive, Real-Estate, and Travel industries. Whether a consumer is selecting their dream car on Bing, falling in love with their next home on USAA, or deciding where to take their weekend getaway on Southwest - the right choice is powered by Vast.  For sellers, Vast takes the same personalized analysis and combines it with behavioral insights built by helping thousands of customers every day. Vast is guiding industry professionals to make the right choice about their product and customer relationships based on real-time data and market trends.

USAA provides banking, insurance, and investment services to the military community. The mission of the association is to facilitate the financial security of its members, associates, and their families through provision of a range of highly competitive financial products and services in so doing, USAA seeks to be the provider of choice for the military community.

<div> The United Services Automobile Association (USAA) is a member-owned association offering insurance and banking solutions exclusively to members of the military, veterans, and their families. USAA generated net insurance premiums of USD 28 billion and total revenue of USD 36.3 billion in 2022. USAA provides services to more than 13 million members of the US military and their families (2022). USAA has offices in eight US cities, three overseas locations, and over 37,000 employees (2022). </div>

USAA President & CEO Wayne Peacock announces plans to retire in 2025

New insurance models are disrupting a centuries-old industry with a focus on personalization and convenience

InsurTech: Personal Lines

Startups in the automobile insurance space, predominantly providing usage-based insurance using telematics devices and/or smartphone sensors.

Startups that offer homeowners and renters insurance using artificial intelligence (AI) and smart home devices to issue policies and validate claims.

Startups that provide life insurance through digital channels personalized to an individual’s circumstances and replacing traditional practices, such as medical tests, with data-driven underwriting.

Companies that offer personal line covers for travel and pets through digital channels and use technologies such as flight tracking and online claims processing.

Providers of comparison websites and tools for carriers, agents, and insurers to compare and purchase policies.

Companies that provide personalized health insurance to consumers via digital channels and use technology such as wearable medical devices to monitor health and improve user experience and underwriting.

Companies that offer digital-only insurance for personal belongings (bicycles, mobile phones, laptops, and cameras), providing protection against theft, loss, or damage, with financial reimbursement or replacement.

USAA

Featured Industries

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless