Afficiency builds API-driven and white-label digital life insurance products spanning term, whole life, disability and universal life. The company works with carrier and reinsurance partners to develop products that are digitally underwritten and can be issued to applicants within seconds. Afficiency enables distributors and brands to embed its suite into native environments or use an out-of-the-box customer journey. It supplies products to startups including Sproutt and Pendella and targets agents, distributors, carriers and other partners. The company raised a $7M Series A to accelerate its strategy to deliver 100% digital in-session life insurance products and custom integrations. The round was led by IA Capital Group, brings total capital raised to $10.2M, and includes a board seat for IA partner Rick Viton; Afficiency is led by CEO and co-founder Mark Scafaro and is based in New York City.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2022