Root
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 1.1m | 1.4m | 3.0m | 6.5m | 13.6m |
% growth | - | 21 % | 122 % | 117 % | 109 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $3.0m | Seed | |
* | $1.5m Valuation: $15.0m | Seed | |
Total Funding | AUD7.0m |
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EditRoot is an innovative financial services provider based in South Africa, specializing in programmable insurance solutions. The company offers a platform that allows businesses to integrate insurance products seamlessly into their existing services or products. Root serves a diverse range of clients, from small startups to large national enterprises, providing them with the tools to quickly launch new insurance products and open digital distribution channels. The platform supports complete programmatic access, enabling businesses to build custom insurance experiences and efficiently manage customer communications. Root's business model revolves around providing technical integration support, compliance management, and premium advisory services. The company generates revenue through subscription fees for its platform and premium support services. Root's market includes insurance companies, tech startups, and large enterprises looking to innovate their insurance offerings and streamline compliance processes.
Keywords: programmable insurance, digital distribution, compliance management, technical integration, custom experiences, scalable growth, financial services, South Africa, insurance products, advisory services.