Boundlss

insurtechartificial intelligence/machine learning

FOUNDING YEAR: 2013
LOCATION: Australia
Last Update: 01/05/2020

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About

Boundlss helps insurance firms improve attract and retain healthy members, and detect an manage at risk members. Boundlss allows you to give your members: health challenges, human and computer-generated coaching, health based incentives, and health insights.

MEDICI Analysis

Boundlss is a technology company that analysis behavioural patterns of the different set of population. The analytics platform spots the key patterns of different teams and provides personalized recommendations for living healthier lives and improve efficiency.

Focus

PRODUCTS & SERVICES

Real-time personalized recommendation platform for health insurers Boundlss helps health insurance providers encourage members to live healthier lives for a fraction of the cost of traditional health & wellbeing programs.

REVENUE MODEL

We sell to insurers, who pay a fee per active user per month.

MAIN CLIENTS

Great Eastern

HBF

AXA

Silver Chain

PRIMARY PROBLEM SOLVED

Attract and engage healthy members

INTELLECTUAL PROPERTY

Patent(s) FILED

COMMENT

Boundlss is a web platform enables to implement real-time productivity and wellbeing programs across the entire member population without requiring specialised technical resources. Additionally, the recommendation engine automatically optimises delivery, timing, frequency and content based on individual preferences - enabling to deliver high-touch, personalised interactions at scale.

company provided insights

Traction

REVENUE

$100k - $499

NUMBER OF TRANSACTIONS:

1.00

TRANSACTIONS VALUE:

200 K

TRANSACTIONS COMMENT:

Very large health & life insurer, for pilot in Hong Kong. Opportunity to scale up after pilot.

ACTIVE USERS:

2000

ACTIVE USERS COMMENT:

October 2016 - Pilot with 2000 users (Payed)

People

FOUNDERS

Jonah Cacioppe

Michael Kruger

BOARD MEMBERS AND ADVISORS

Nigel Jones

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Startupbootcamp

Startupbootcamp FinTech Singapore

Momentum

FUNDED

YES

TOTAL FUNDING

$238.42 K

DATE OF LAST FUNDING

Apr 2016

SEED & PRIOR FUNDING

$238.42 K

SEED CLOSED ON

Apr 2016

LISTED

NO

For Investors

FUNDING NEEDED:

$600 K

MONTHS LEFT WITH CURRENT CASH BURN RATE:

9 months from 30 Aug, 2016

Innovation Programs

BASICS

FOUNDING YEAR:

2013

LOCATION:

Australia

Views:

282 VISITORS | 523 VIEWS
LATEST FUNDING ROUND

$238 K

TOTAL EMPLOYEES
1-10

About

Boundlss helps insurance firms improve attract and retain healthy members, and detect an manage at risk members. Boundlss allows you to give your members: health challenges, human and computer-generated coaching, health based incentives, and health insights.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Boundlss is a technology company that analysis behavioural patterns of the different set of population. The analytics platform spots the key patterns of different teams and provides personalized recommendations for living healthier lives and improve efficiency.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack

Boundlss

About

Boundlss helps insurance firms improve attract and retain healthy members, and detect an manage at risk members. Boundlss allows you to give your members: health challenges, human and computer-generated coaching, health based incentives, and health insights.

Focus

PRODUCTS & SERVICES

Boundlss helps insurance firms improve attract and retain healthy members, and detect an manage at risk members. Boundlss allows you to give your members: health challenges, human and computer-generated coaching, health based incentives, and health insights.

REVENUE MODEL

We sell to insurers, who pay a fee per active user per month.

TOP PROBLEM SOLVED

Attract and engage healthy members

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Live. Next version released in October. All major features implemented. Currently working on improving %of messages done by AI. Further, finishing whitelabel version for customer (launch in October)

KEY DIFFERENTIATORS

Integration with wearables Coaching done by real coaches & by AI

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

STRATEGIC CLIENTS AND PARTNERSHIP

NDA : Customer

People

FOUNDERS

Jonah Cacioppe

Michael Kruger

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO, FOUNDER: Jonah Cacioppe

CTO, FOUNDER: Michael Kruger

COO: Jeroen van Dalen

BOARD MEMBERS AND ADVISORS:

Nigel Jones

INVESTORS:

Startupbootcamp

Startupbootcamp FinTech Singapore

Momentum

FUNDED

YES

TOTAL FUNDING:

$400 K

LISTED

NO

FUNDING SERIES
Seed Oct 2016 --- USD400 K at a USD1.00valuation Comment on Seed closing now

Comment on Valuation

Cant share