New York based insuretech company Wellthie has raised $5m in Series A funding led by IA Capital Group. Wellthie offers leading broker and carrier shopping tools to simplify insurance distribution for small businesses and individuals.
Bridging a broad array of medical and ancillary plans, Wellthie provides a next-generation technology and e-commerce platform for insurance brokers to quote, guide, and enroll customers in choices that best serve their specific preferences and needs. Wellthie’s intuitive software incorporates advanced algorithms - enabling forward-thinking brokers and carriers to deliver highly personalized, modern shopping experiences that optimize client satisfaction and dramatically increase sales across multiple insurance lines. To date, Wellthie has successfully partnered with national and regional carriers, while its tools power progressive brokers across 20 states, and its scalable platform has generated hundreds of thousands of quotes. Small businesses today represent 90% of U.S. enterprises and nearly 55 million employees.