See other companies on Welcome to the Jungle
Convr
Frictionless underwriting software platform
- 21-100 employees
- B2B
- Artificial Intelligence
- Insurance
- Machine Learning
- SaaS
- Schaumburg Township, Schaumburg, IL
Jump to section
Company mission
To make life-changing impact on the people behind the business.
-6% employee growth in 12 months
Our take
Underwriting presents an opportunity for companies to take out loans, insurance, or investments without taking on all the associated risks. However, with the complexity of compliance regulations increasing and new obstacles constantly appearing for businesses, making an informed decision within the continuously changing nature of financial risks has become complicated for underwriters,
Convr develops tools for underwriters that help to inform decisions regarding the risk of a business opportunity. Features include the analysis of third-party business data, automated assessment of financial documents, and AI-driven answering of underwriting questions. Ultimately, these tools can be used to autonomously evaluate the risk associated with underwriting for a business.
Business and financial data are being applied to AI-driven solutions to increase efficiency in most sectors, yet Convr has found a gap in the market with its approach to solving underwriting problems. The company will continue to focus on scaling its solutions, having invested series B funding into research and development.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Managed PTO
- Flexible Work Hours
- Personal & Professional Development Opportunities
- Employee Peer Reward Program
- 401K Financial Advice
- Hybrid/remote work options. You decide!
- Paid Parental Leave
- Company-Paid Holidays
- Insurance Coverage on Day One!
- 401K & Stock Options
Company values
- Success
- Convr-sation
- Integrity
- Responsibility
- Passion
Funding (2 rounds)
Nov 2019
$15.2m
SERIES B
Sep 2017
$2.5m
SERIES A
Total funding: $17.7m
This company has top investors
Leadership
Harish Neelamana
(President)Harish started their career as a Consultant at Pentafour and EY for 7 years, before working in Management at Capgemini and Allstate Insurance Company. They then spent a combined 9 years at BCG and Zurich before co-founding Convr in April 2016.
Kuldeep Malik
(Board Member)Kuldee co-founded Persio in 2009, where they spent 7 years before co-founding Convr as CEO. Since 2016, they have been a Board Member alongside serving as CEO of B2Z Insurance.