Root

APIs to grow your insurance business

General Information
Company Name
Root
Founded Year
2016
Location (Offices)
London, United Kingdom +2
Founders / Decision Makers
Number of Employees
104
Industries
API, Financial Services, Fintech +6
Funding Stage
Series Unknown
Social Media

Root - Company Profile

Root is the API infrastructure for digital, embedded and partner-distributed insurance, with a focus on low-code end-to-end insurance platform. SOC2 certified (ISAE3000), Root's platform offers fully configurable and modular options, with over 500 open insurance APIs catering to omni-channel and affinity partner distribution, policy admin, and large-scale claims. Founded in 2016 and headquartered in the United Kingdom, Root supports clients in Africa and the UK. Its innovative approach has attracted a $1.50M Venture Round investment from Invenfin on 27 September 2023. The platform's appeal lies in its ability to empower clients in the Financial Services, Fintech, Information Technology, Insurance, Insurtech, and Life Insurance industries to swiftly build and launch insurance products, digitize policy administration, and claims. Root's focus on simplifying complex insurance processes through easy-to-use APIs reflects a mission to simplify infrastructure, allowing clients to prioritize their customers' needs.

Taxonomy: API infrastructure, low-code platform, insurance technology, digital insurance operations, modular platform, open insurance APIs, omni-channel distribution, policy administration, claims processing, partner distribution, digitization of insurance, insurtech, SOC2 certified, ISAE3000, Africa

Funding Rounds & Investors of Root (2)

View All
Funding Stage Amount No. Investors Investors Date
Venture Round $1.50M 1 27 Sep 2023
Seed Round $3.00M 7 FireID 11 Nov 2021

Latest News of Root

View All

No recent news or press coverage available for Root.

Similar Companies to Root

View All
Bytesforce Technologies - Similar company to Root
Bytesforce Technologies CorePAS, Omni-Channel Distribution, Embedded Insurance Core, CorePAS SaaS
Stere - Similar company to Root
Stere Reinventing insurance distribution
Neutrinos  - Similar company to Root
Neutrinos Reinvent.Accelerated.
House of Insurtech - Similar company to Root
House of Insurtech An InsurTech specialising in digital platforms, rating and data enrichments that 'makes insurance easier' for customers
Neosurance - Similar company to Root
Neosurance Enriching brands' offering with embedded insurance: protection where and when it matters