Israeli fintech startup Earnix, which has invested $75 million, has just raised $75 million to support its expansion plans. The company provides software to help insurers more accurately price their policies. The round was led by Insight Partners.
Fintech startup raises $75 million to support expansion plans
Earnix is an Israeli fintech company that uses advanced AI-based analytics to help banks and insurance companies adjust their products and prices. The company recently raised $75 million in a growth round led by Insight Partners.
The new financing will be used to further the company’s international expansion. As a result, the company plans to double its global workforce by the end of this year. The company will also expand its product portfolio, according to CEO Ziv Avni.
Earnix, founded in 2001, has been in the fintech sector for more than two decades. The company’s primary product is a software platform designed to optimize pricing and product development. With a rich data set, Earnix is able to create personalized financial products for consumers.
Earnix has developed a unique AI-powered pricing platform that helps banks and insurance companies tailor their offers to specific customer needs and preferences. This platform offers quotes, rates and financial products in real time. Using the company’s advanced technology, banks and insurers can offer personalized loans, mortgages and other products.
The company has offices in North America, Europe, and the Asia-Pacific region. Earnix plans to continue its international growth and accelerate the development of new products. Investment in the product line will allow the company to quickly adapt to changes in the industry.
Insight Partners led a $75 million funding round for Earnix.
Earnix is an Israeli fintech startup that develops software for artificial intelligence (AI) and advanced analytics. Its mission-critical systems help global insurance companies deliver customized products and services. The company is now valued at over $1 billion.
Earnix offers its own enterprise scoring engine that combines predictive modeling and optimization. Help banks and insurance companies offer personalized products, loans and deposits. The company’s cloud platform includes large data sets.
The latest round of funding for Earnix was handled by US-based Insight Partners. Other investors included Vintage Investment Partners and Israel Growth Partners.
The new capital will allow Earnix to expand its presence internationally and support M&A activities and innovative products. Earnix will also use the funds to hire additional employees.
His clients include NatWest Group Plc, Liberty Mutual and Israe Dhabi. The company’s personalized offers are delivered through its own cloud platform. Based on the data from the customer profiles, the platform is capable of adjusting rates and offers according to the needs of each customer.
Earnix has offices in the Americas, Asia Pacific, Europe and Israel. It is one of the most advanced companies in the industry.
Earnix, founded in 2001, has developed an artificial intelligence-based product customization platform. Using a combination of predictive modeling and optimization, the company’s software helps financial services firms predict risk and customer behavior.
Earnix has grown steadily over the years, and the latest round of funding has positioned the company as a “unicorn” on its own terms.
Its software helps insurers more accurately determine pricing policies.
Earnix is a leading provider of predictive analytics solutions for the insurance industry. The company is known for its cloud platform that combines artificial intelligence with advanced analytics. Some of the company’s offerings include a complete rating and pricing solution, telematics data for usage-based insurance, and a suite of data management tools. Its offices are located throughout the world, from the US to Europe and Asia. With a recent fundraiser of over $75 million, the company is poised to make its mark on the global stage.
Earnix is no stranger to the market, having started life in 2010 as a subsidiary of Givatayim. A team of industry veterans, including software engineers, took the company to the next level, notably endearing itself to many investors.