Hearti Lab Pte Ltd

insurtechsoftware/whitelabel/apis-insurtechb2b fintech

FOUNDING YEAR: 2014
LOCATION: Singapore
Last Update: 03/07/2020

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About

At Hearti, we envision to redefine Financial Inclusion in South East Asia through the Micro-Financing and distributing Micro-Insurance products with our strategic partners.Hearti's two integrated platforms, Benefit.X & Surety.Ai, are designed exclusively for digital-first SME, banks and insurers offering a faster go-to-market solutions by using A.I & blockchain technologies.Find out more at https://hearti.ioLinks:https://www.facebook.com/theheartilabhttps://www.linkedin.com/company/theheartilabhttps://twitter.com/theheartilabhttps://angel.co/theheartilabhttps://www.f6s.com/theheartilabhttps://gust.com/companies/theheartilabhttps://www.crunchbase.com/organization/hearti-lab--singapore--pte-ltdhttps://e27.co/startup/theheartilabhttps://www.techinasia.com/companies/theheartilabhttps://www.startupsg.net/profiles/1537

MEDICI Analysis

Hearti provides artificial intelligence technology platforms to Insurers and Banks to sell and underwrite insurance products to SMEs and their employees. With two products Benefit.X and Surety.X they want to help insurers with easy-to-use, powerful and effective insurance software to improve business processes, cut costs and reach out to millions of customers.

Focus

PRODUCTS & SERVICES

The company offers two core products such as BenefitX & SURETY.AI. BenefitX equips small businesses with corporate credit cards and compliments their business operations and HRM solutions. Their robust credit scoring engine checks the ability to pay, the propensity to pay, and business sustainability. The corporate credit card comes with features like interest-free repayment period of up to 50 days, credit card statement on 20th of every month, 25.9% interest rate, installment plans. SURETY.AI allows insurers and financial advisors to connect effectively with customers on a fully digitized platform. It leverages artificial intelligence to provide a seamless distribution channel (via chatbot, social, mobile, web, etc), responsive customer service, frictionless claim processing, and advanced fraud detection.

REVENUE MODEL

we take a fee of 10-20% on insurance and wellness product transactions

PRIMARY PROBLEM SOLVED

SMEs and their employees from our targeted markets in SEA gain access to innovative financial products and better risk management using our patent-pending A.I. technologies.

INTELLECTUAL PROPERTY

Patent(s) FILED

company provided insights

Traction

REVENUE

$100k - $499

NUMBER OF TRANSACTIONS:

5 K

TRANSACTIONS VALUE:

75 K

ACTIVE USERS:

2000

People

FOUNDERS

Keith Lim (CEO)

Jinson Xu (CTO)

Emily Lok (CRO)

Kenneth Tan (CMO)

BOARD MEMBERS AND ADVISORS

NUMBER OF EMPLOYEES

11-50

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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Hearti Lab Pte Ltd

About

Hearti provides an artificial intelligence platform for insurers to sell and underwrite insurance products to SMEs and their employees.

Focus

PRODUCTS & SERVICES

The Hearti Platform provides a free cloud-based human capital management solution to SMEs and their employees. The benefits include: 1. SMEs can easily purchase group / flexible insurances for their employees 2. SMEs can seamlessly allocate wellness dollars to each employee 3. The employee can pay for personal insurances and wellness products with mobile payment 4. Insurers can personalised and model new products through our AI capabilities

REVENUE MODEL

we take a fee of 10-20% on insurance and wellness product transactions

TOP PROBLEM SOLVED

SMEs and their employees from our targeted markets in SEA gain access to innovative financial products and better risk management using our patent-pending A.I. technologies.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

soft launched with over 2,000 employees on the platform

KEY DIFFERENTIATORS

Mobile personal assistant app for employees. We are also adding a chatbot (for insurance topics) and A.I. to understand consumer behaviour that will help insurers model new products and risk models.

PRIMARY CUSTOMER TYPE

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

STRATEGIC CLIENTS AND PARTNERSHIP

SingCapital Pte Ltd : Insurance partner

Traction

ANNUAL REVENUE:

$100k - $499

NUMBER OF TRANSACTIONS:

5 K

TRANSACTIONS VALUE:

75 K

ACTIVE USERS/ACCOUNTS:

2000 Million

LIVE USERS/TRANSACTIONS:

Yes, in trial/pilot

How will you grow the number of users/accounts/transactions?

Through tie-ups with insurance and other financial institutions such as banks

CHANNEL STATUS

INITIAL CLIENTS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

50

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

Our founder,CEO, Keith Lim, is a serial entrepreneur,corporate leader who has experienced hard knocks,backed by a passionate team.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

YES

FUNDING SERIES