Fitsense

insurtechsoftware/whitelabel/apis-insurtech

STATUS: Acquired/Merged
FOUNDING YEAR: 2015
LOCATION: Australia
Last Update: 17/07/2020

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About

FitSense is a data company. Our platform enables health insurance companies to personalise products & services using health & fitness app data. We do this by giving their customers the choice to easily and securely share data from their mobile apps and connected devices in return for more tailored products, easier applications and better rates. We work with some of the leading insurers and re-insurers globally. FitSense is one of Startupbootcamp's 2017 London InsurTech Accelerator programme alumni. We have won several innovation and fintech awards including winner of the global MAS FinTech Hackcelerator, one of the premier awards in the FinTech space. Our team is based in Sydney, Australia. Since October 2017, we are part of the Cover-More Group.

MEDICI Analysis

Fitsense provides a data analytics platform which allows people to use their online personal data to obtain more personalised insurance products, special rates and a better customer experience. The company is acquired.

Focus

PRODUCTS & SERVICES

Wearable & mobile data analytics platform for healthcare and life insurance players. It offers white label products: Health engagement app that allows insurers to launch their own rewards program. Online sales platform- to simplify the insurance buying process The platform helps insurance companies to evaluate proper risk for customer premium pricing by collecting data from various digital devices and applications.

MAIN CLIENTS

Insurance companies

People

FOUNDERS

Alvaro Gauterin (CTO)

Jan-Philipp Kruip (CEO)

Alvaro Gauterin

Jan-Philipp Kruip

Pham Khanh

BOARD MEMBERS AND ADVISORS

Rick Huckstep

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Startupbootcamp

Startupbootcamp InsurTech London

TechFounders

Momentum

FUNDED

NO

TOTAL FUNDING

$27.59 K

DATE OF LAST FUNDING

Jul 2016

SEED & PRIOR FUNDING

$27.59 K

SEED CLOSED ON

Jul 2016

SEED PRIOR FUNDING COMMENT

Venture: $0.027 M (July, 2016)

LISTED

NO

COMMENT

Received a stipend of $20,000 Singapore Dollars (US$14.4K) from MAS Fintech Hackcelerator. Also received a cash prize of $50,000 Singapore Dollars (US$35K) for winning at the MAS Fintech Hackcelerator.

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