Insurtech startup LifeBid launches crowdfunding marketing campaign with co-investor Stride Fairness after elevating $700,000

Insurtech startup LifeBid has launched a crowdfunding (CSF) marketing campaign with venture-backed platform Stride Fairness, having already raised $700,000 in a strategic co-investment from trade companions and the Stride  Group. 

LifeBid is the primary startup Stride Fairness has backed with funding since its launch earlier this 12 months and is the primary CSF marketing campaign on the platform. Stride’s crowdfunding platform solely hosts firms it has pre-qualified as meet the standards for co-investment by the VC aspect of the enterprise. 

The insurtech startup is hoping to rework the best way life insurance coverage recommendation is offered and managed. LifeBid’s digital platform has been developed to allow the 16,000 monetary recommendation suppliers and insurers nationally to interact, educate, advise and handle the life insurance coverage wants of purchasers, whereas reducing the prices of servicing them by as much as 90%. 

LifeBid presently has a waitlist of two,000 Australian advisers for its platform and founder Brett Wright comes from that aspect of the trade, getting down to clear up a well-recognized downside.

 “As advisers ourselves, and like many others within the life  insurance coverage sector, now we have seen how costly it has turn into for shoppers to entry good  high quality recommendation and canopy, and skilled how laborious, unprofitable and dangerous it has turn into for  advisers, licensees and insurers to assist extra Australians,” he mentioned. 

“We wish our adviser and licensee trade colleagues to be homeowners, beneficiaries and the  driving power behind LifeBid. Partnering with the Stride staff on this crowdfunding supply will make  this potential and we’re excited to be their first portfolio firm.” 

Stride Fairness CEO Maria Halasz mentioned they’re happy that LifeBid if their first funding and the primary portfolio firm on their crowdfunding platform.

“LifeBid is the right instance of the kind of companies we glance to fund; it has skilled and  passionate founders who got down to clear up an pressing unmet want in an underserved trade by offering an revolutionary know-how answer that’s extremely scalable,” she mentioned.

“Their early engagement with the whole insurance coverage ecosystem is a proof level for us, as they construct on these strategic partnerships to facilitate speedy market penetration.

“With a extremely skilled founding staff, monitor file of supply, nice product-market match and powerful trade assist LifeBid ticks all of the bins for us for an funding and we’re excited to  deliver buyers this chance by way of our platform.”

Particulars of the CSF marketing campaign are right here.


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