Allay

insurtechsoftware/whitelabel/apis-insurtechb2b fintech

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 19/01/2021

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About

Simplified underwriting and marketing for all types of self funded health plans

MEDICI Analysis

Allay provides a HR platform that enables employers to onboard new hires, sign documents, select and enroll in the most relevant benefit plans for each individual and/or group, and provide HR and benefits administration and compliance. It also enables companies to work with the broker of their choice to do online, paperless health insurance purchasing, and full HR and benefits administration.

Focus

PRODUCTS & SERVICES

Cloud based HR management software & insurance brokerage services for small and medium businesses. It helps employees to understand their benefits and self-manage their HR information.

REVENUE MODEL

The company offers software on a freemium model and it generates revenue by acting as an insurance broker.

MAIN CLIENTS

Sokanu

PRIMARY PROBLEM SOLVED

Allay enables companies to work with the broker of their choice to do online, paperless health insurance purchasing and full HR and benefits administration.

Traction

VALUATION / MARKET CAP:

$22.67 M in 2015

company provided insights
Acquisitions

M&A

ACQUIRED BY

coinpay

ANNOUNCED DATE

Feb 2020

PRICE

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