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Technology

RightIndem

Status: Active

Mar 9th 2020 - Aug 2nd 2020

20 days left

RightIndem is a white-label insurance software platform designed to deliver fast claims to claimants on its portal. The company develops and sells its own proprietary cloud-based digital claim process management software ‘as a service’ to the global insurance market. Insurtech is a vast market and attracts large amounts of investment, with $4.36 billion invested in the first three quarters of 2019. Till date, it has contracted clients such as Axa XL, Archipelago, NN Belgium, NN Netherlands, and Mapfre, with engagements at various levels of implementation and progress in the UK, Italy, Peru, US, and South Africa. They have also earned regard for automating claims processes form some of the world’s largest insurance organizations allowing for the settlement of low to mid-value claims within hours instead of days or months. With the proceeds, the company will connect operating expenses to the point where client revenues from claim volumes match operating costs.

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RightIndem Rating Review

Rated on 02/04/2020

Pitch Rated

72%

overall

Management

63%

Product

74%

Investment

79%

Pitch rating powered by CROWDRATING

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
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Management 63%

Skills 73%
The team is highly skilled and holds expertise in their functional areas. The CEO of the company has previously managed businesses at a similar stage and have also worked in the Insurtech industry in the past.

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Funding progress



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  • £200,001
    pledged
  • 20%
    of goal

    £1,000,000
    target

    £7,000,000
    pre-money valuation

    1
    investors

    £200,001
    pledge per investor

    09943245
    company number

    Active
    company status

    08/01/2016
    incorporated 5 years

    Funding rounds
    09 Mar 20 Shadow Foundr £200,001 / 20% 72.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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