- Salty Dot — an Embedded Insurance technology company — announced that it has accelerated out of stealth mode and raised $16 million in total funding
Salty Dot — an Embedded Insurance technology company — announced that it has accelerated out of stealth mode and raised $16 million in total funding. Salty’s platform is known as being a proprietary Software-as-a-Service (SaaS) solution that enables carriers and distribution partners to offer a personalized policy to insure a product or service in real-time during the purchase process.
Embedded Insurance has proven successful as a large number of partners have seamlessly implemented Salty into their process — which simplifies the critical but tedious matter of protecting products and services. And with a proven model executed through select partners, the company will expand into more products and markets in 2021.
The company plans to extend the platform, which uses intelligent systems. And it analyzes unique data sources about the buyer and the purchase, then seamlessly offers the best policy. Licensed in all 50 states, Salty is applying the funds to fuel recruitment of its distribution network.
KEY QUOTES:
“Salty is creating the new category of Embedded Insurance. This presents an opportunity to fundamentally change insurance underwriting and distribution, to the benefit of consumers and insurers alike.”
— Serik Kaldykulov, Managing Partner at Elefund
“We are excited to support Salty. Their technology platform makes the insurance process seamless, benefitting carriers, distribution partners, and consumers.”
— Scott Earthy, Managing Partner of Fremont Group
“We are grateful for the immense interest in Salty, which we founded to transform the insurance industry and focus on the customer by powering a simple, transparent, self-service technology.”
— James Hall, Founder and CEO of Salty
