Fursure
The first financial platform for pet parents, spanning debit cards, insurance, and more.
| USD | 2021 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Fursure is a pioneering financial platform dedicated to helping pet owners manage the costs of veterinary care. The company operates in the pet insurance market, a niche yet growing sector within the broader insurance industry. Fursure's primary clients are pet parents in the United States, a demographic that includes over 90 million individuals who are increasingly concerned about the rising costs of veterinary services.
Fursure offers a unique pet insurance plan that simplifies the payment process for veterinary care. Unlike traditional pet insurance plans that require clients to pay out-of-pocket and then wait for reimbursement, Fursure's plan pays veterinarians directly. This eliminates the need for networks, extra paperwork, and the hassle of upfront payments. The payment is facilitated through the Fursure Debit Card, which is pre-loaded with funds at the time of service for qualifying applicants.
The company's business model revolves around providing insurance policies underwritten by StarStone National Insurance Company. Additionally, Fursure partners with Blue Ridge Bank, N.A., to offer banking services, ensuring that deposits are FDIC insured. Fursure makes money through insurance premiums paid by pet owners and potentially through financial transactions facilitated by their debit card.
Fursure's mission is to ensure that all pets have access to quality medical care when they need it. With only 3% of the 180 million pets in the U.S. currently insured, Fursure aims to bridge this gap by making pet insurance more accessible and straightforward. The company addresses a significant pain point for pet owners, 63% of whom report that inflation and rising veterinary costs make it difficult to afford unexpected vet bills.
In summary, Fursure is transforming the pet insurance landscape by offering a hassle-free, direct payment solution that helps pet parents afford the best possible care for their furry family members.
Keywords: pet insurance, veterinary care, direct payment, Fursure Debit Card, financial platform, pet parents, insurance premiums, StarStone National, Blue Ridge Bank, FDIC insured.