Axinan

artificial intelligence/machine learninginsurtech

FOUNDING YEAR: 2016
LOCATION: China
Last Update: 01/05/2020

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MEDICI Analysis

Axinan is an insurance service provider to eCommerce merchants for return shipping. The company allows online shoppers to return their products for free. It leverages big data and machine learning to quantify the risks of transaction anomalies and creating innovative products such as real time smart insurance and instant financing. In June 2016, the company was selected to be part of PayPal’s inaugural incubation programme in Singapore.

Focus

PRODUCTS & SERVICES

Big data and machine learning platform. It helps companies to assess financial risk associated with every individual transaction done.

EXISTING PARTNERSHIPS

The company has partnered with online marketplace Tokopedia in Indonesia for its free return shipping insurance program.

Traction

TRACTION COMMENT:

Axinan claims to processes 180k+ orders every month as of Feb17.

People

FOUNDERS

Wei Zhu

INVESTORS:

Linear Venture

NSI Ventures

KEY EMPLOYEES:

.Wei Zhu(CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$1 M

DATE OF LAST FUNDING

Feb 2018

SEED & PRIOR FUNDING

$1 M

FUNDING SERIES

SERIES A  · ---  · Feb 2018

LISTED

NO

Innovation Programs

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