Fenris builds API-delivered pre-fill data and technology products designed to optimize and enable a friction-free application and quoting experience for insurers and financial services providers. Its suite includes LicenseSnap, which embeds into online forms and starts the process from a photo of a driver’s license to reduce poor data entry and mid-application abandonment. The company maintains a data repository of over 400 million records and has scored millions of applications, and it offers predictive scores for propensity to buy, lifetime value, churn risk, cross-sell potential, and financial responsibility. Over the last 12 months Fenris expanded sales operations and enhanced its data delivery and analytics platform. Fenris says clients see increased conversion rates, a 25% decrease in cost of acquisition from smarter report ordering, and up to an 80% reduction in manual effort. The company plans to use the additional funding to further build out its product suite to meet demand from current and prospective clients. Fenris Digital builds software and analytics solutions enabling applications for financial and insurance products. The company maintains a proprietary, in-house repository of over 300 million entity records and accompanying data elements from qualified and emerging sources. By applying machine learning to its repository and millions of policy-result records across dozens of personal, commercial, and life insurers, Fenris generates predictive algorithms including MatchScore, TriageScore, LeadScreen and PFR (Personal Financial Responsibility). Led by Founder and CEO Jennifer Linton and based in Richmond, Va., the company plans to expand operations and continue product development. It intends to use the funds to hire sales, strategic business development, customer success, engineering, and data analytics talent and to further build out its product suite. The company disclosed a $1.7M seed financing as its current funding event.

Total raised

$2M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2019