Instnt
Latest round
- Seed
Last raised
- Jan 2020
Total raised
- $2.9M
Investors
- 4
About Instnt
Instnt Inc.Instnt Inc. is a New York-based insurance technology firm founded in 2019, specializing in fraud risk mitigation.Instnt is a venture-backed insurance technology firm that specializes in mitigating fraud risks for businesses through its core offering of Fraud Loss Insurance. This innovative product integrates advanced AI technology, which analyzes thousands of predictive signals in under two seconds to identify and address potential fraud threats. By shifting fraud loss liability to A-rated global insurers, Instnt enables businesses to protect their balance sheets while recovering losses swiftly—often within 30 days. The company serves a diverse clientele, including businesses across various sectors that face challenges related to fraud, such as identity theft and account takeover.Instnt’s revenue model is built on a combination of insurance premiums, performance-based SaaS usage fees, and customized pricing plans tailored to individual client needs. Businesses engaging with Instnt typically enter into agreements that encompass the Fraud Loss Insurance coverage, alongside optional technology services for fraud detection and mitigation. The pricing structures are designed to align with the client’s fraud risk exposure and growth objectives, ensuring that the financial commitment aligns with their operational realities.In December 2020, Instnt Inc. The company plans to enhance its product offerings with new features and services aimed at improving fraud detection and mitigation capabilities. Additionally, Instnt is exploring opportunities to expand its services into new geographic regions, particularly targeting markets with high digital transaction volumes.
Who invested in Instnt
4 investors across 1 round
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Funding rounds
Seed
Jan 24, 2020
Amount
$2.9M
Investors
Questions about Instnt
Who invested in Instnt?
Instnt has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Instnt raised?
Instnt has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Instnt last raise money?
Instnt's most recent round on record is a Seed, in Jan 2020.
What does Instnt do?
Instnt is a financial services company.
Where is Instnt headquartered?
Instnt is headquartered in New York, US.
Which VCs invest in companies like Instnt?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Instnt's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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