Bayzat

insurtechaggregators / policy management

FOUNDING YEAR: 2011
LOCATION: United Arab Emirates
Last Update: 19/01/2021

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About

Bayzat is the work life platform that benefits everyone. We are redefining the way work works for the better, making automated HR, payroll, employee benefits, and insurance a possibility for all businesses.Our unique solutions are based on the needs of people like you, and can free your team to do work that matters. And the time and money well save you, can be spent taking your business and employee experience to the next level.

MEDICI Analysis

Bayzat is a cloud platform that allows individuals & business units to search and compare insurance plans of car & health industry. It provides insurance services including policy management, plan benefits & insurance payments by using mobile application for insurers.

Focus

PRODUCTS & SERVICES

Online aggregrator platform for health & car insurance industry. It helps users to do quick searches and get instant quotes to buy the right insurance products on the mobile app.

REVENUE MODEL

The company earns commission from insurers.

MAIN CLIENTS

DMCC

Fetchr

beehive connecting for growth

Medigital group

Mumzworld.com

Subway

LC the luxury closet

Man'dushe street

Big bus etc

EXISTING PARTNERSHIPS

Partnered with insurance firms.

PRIMARY PROBLEM SOLVED

Managing Benefits HR Automation

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

COMMENT

Bayzat platform is the first one-stop-shop to offer real-time comparison of health insurance rates in MENA.

company provided insights

Traction

COMPANY TYPE:

For Profit

REVENUE

$1.0M - $4.99M

NUMBER OF TRANSACTIONS:

1 M

TRANSACTIONS VALUE:

1.5 M

ACTIVE USERS:

2000

ACTIVE USERS COMMENT:

The company claims that it has connected 12,000+ users in health insurance and receives more than 50,000 monthly visits with 350 percent revenue growth per annum (May 2017).

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

27,023

AVERAGE VISITS (6 MONTHS)

35,289.62

MONTHLY VISITS GROWTH

-19.52%

VISIT DURATION

293

VISIT DURATION GROWTH

-2.09%

PAGE VIEWS VISIT

6.14

PAGE VIEWS VISIT GROWTH

-19.65%

BOUNCE RATE

31.26%

BOUNCE RATE GROWTH

-4.53%

GLOBAL TRAFFIC RANK

569,074

MONTHLY RANK CHANGE

-5,241

MONTHLY RANK GROWTH

-0.91%

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Bayzat

About

Bayzat is a technology company that provides insurance and HR services. Our online insurance platform enables individuals and companies to compare and apply for health insurance policies in the UAE. In addition, it offers Bayzat benefits, a platform/app for users to access their policies, coupled with HR automation tools to help them save time and money. Bayzat was founded in 2011 and is headquartered in Dubai, United Arab Emirates.

Focus

PRODUCTS & SERVICES

Bayzat offers two services: Health Insurance Helping companies (and individuals) compare, buy and use their health insurance. HR Automation Providing Bayzat Benefits™ platform which simplifies HR benefits for employers and employees, while automating admin work to save our clients time and money.

REVENUE MODEL

The company earns commission from insurers.

TOP PROBLEM SOLVED

Managing Benefits HR Automation

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

We are the first and only tech-company in the UAE with an insurance platform and OCR feature in HR automation

KEY DIFFERENTIATORS

Technology Platform/App OCR

PRIMARY CUSTOMER TYPE

Enterprise - Others

Small and Medium Business - Online Retail

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

BECO Capital : Investors

Traction

ANNUAL REVENUE:

$1.0M - $4.99M

NUMBER OF TRANSACTIONS:

1 M

TRANSACTIONS VALUE:

1.5 M

ACTIVE USERS/ACCOUNTS:

2000 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

CHANNEL SECURE

NUMBER OF CLIENTS OR PAYING CUSTOMERS

1000

People

TEAM COMMENT:

We believe high-tech,transparency are the key to improving lives. Our diverse & genuine culture is our strongest point. Come visit us,you will see!

INVESTORS:

BECO Capital

Momentum

FUNDED

YES

TOTAL FUNDING:

$1 M

LISTED

NO

FUNDING SERIES

SERIES A  · $1 M  · 2015