Israel Fintech Firm Earnix Now Worth $2 Billion
The company just raised $75 million.
Earnix, an Israeli fintech startup, has reached a milestone with a $2 billion valuation. This comes as the company completed a $75 million financing round of financing led by Insight Partners, with the participation of previous investors JVP, Vintage Partners and Israel Growth Partners.
Founded in 2001 band based in Givatayim, right next to Tel Aviv, Earnix declares that it enables insurers and banks to provide “faster, smarter, and safer prices, and personalized products.” The company boasts that it allows insurers and banks to offer personalized value to “every customer, every time, and in full alignment with the corporate business strategy, goals, and objectives”. Its solutions offer systemized, enterprise-wide value, with ultra-fast ROI. It has over 80 customers across five continents, with offices in the Americas, Europe, Asia Pacific, and Israel.
What a mention! @PC_360 chose Earnix as one of their 11 insurtechs to watch this year.
We promise to be worth watching in 2021 😉#insurance #analytics #pricing #ratinghttps://t.co/LU8HEaWAwa pic.twitter.com/yXURC9o3ML
— Earnix (@Earnix_Inc) January 27, 2021
One of its main services is the Enterprise Ratings Engine. Earnix boasts that users will be able to supercharge their pricing and product personalization. The company promises that users will achieve rating excellence by systemizing and speeding up their rating, pricing, and product personalization processes. It says that the Ratings Engine propels data through the” ratemaking machine” of the enterprise and deploys, so it can be “delivered to the right customer touchpoint, in real-time.”
Earnix also promises a access to what it describes as world-class data science, analytical modeling tools, and machine learning. And the service is cloud based.
Earnix CEO Udi Ziv said, “This is just another testament to both the power and differentiation of our existing product offering, with its unique and innovative capabilities, and the untapped potential in further driving the success of our clients globally. This investment will accelerate the reach and impact of our world-class smarter business velocity solutions, coupled with the breadth, size and reach of our customers, assuring our ability to meet a broad range of industry needs, and to deliver the best personalized rates and products to every customer, every time.”