Foliume
Solution for Insurance brokers and insurers interested in improving their customer retention and cross-selling.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $1.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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Foliume is a forward-thinking startup focused on revolutionizing the insurance industry through advanced digital marketing tools tailored for insurance brokers. The company operates in the insurance technology (insurtech) market, which is rapidly evolving as traditional methods of purchasing insurance give way to more personalized and data-driven approaches.
Foliume's primary clients are insurance brokers who seek to enhance their marketing strategies and improve customer retention and cross-selling rates. The company leverages artificial intelligence (AI) to provide brokers with sophisticated marketing tools that were previously only available to large insurance firms. These tools help brokers understand their clients better, predict future needs, and create optimized marketing campaigns.
The business model of Foliume revolves around offering AI-powered solutions that analyze anonymized data to identify trends and customer behaviors. By doing so, Foliume helps brokers measure and benchmark their retention and cross-selling rates, understand their clients' likelihood to leave (churn propensity), and prioritize actions to retain them. The company generates revenue by selling these AI-driven marketing tools and services to insurance brokers, who in turn use them to enhance their business operations and customer engagement.
Foliume's team is led by experienced professionals, including Guillermo Vergara, an analytics leader with a background in leading AI projects at KPMG. The team’s expertise in data science and analytics ensures that their solutions are both cutting-edge and effective.
In summary, Foliume empowers insurance brokers with AI-driven marketing tools to personalize insurance offerings, improve customer retention, and boost cross-selling opportunities, thereby transforming the way insurance is marketed and sold.
Keywords: Insurtech, AI marketing, insurance brokers, customer retention, cross-selling, data analytics, personalized insurance, digital tools, churn prediction, marketing optimization.