Founders Factory is unlike anywhere else. We create entirely new products from scratch & turn promising concepts into prototypes, & ultimately an MVP, validating decisions commercially along the way to attract a founding team that can spin out into a fully-fledged business.
Project Pipes is one of our latest products developed at the Factory & now we need a Founder to build this business.
So what is Project Pipes?
Do you want insurance with that?
Pipes is the Embedded Insurance API enabling Banks, Fintechs & Digital Marketplaces to distribute insurance at the point of the problem. Think 'One-Click Insurance' & being able to present customers with a do you want insurance with that? button when they open a business bank account, buy a car, move house or write a will.
For Clients we unlock new revenue streams by selling insurance to their existing customers. For Providers we unlock new digital distribution channels increasing reach. For Customers we enable frictionless experiences to purchase insurance when & where it is needed.
Our first Clients will be SME Neo Banks > Selling Indemnity Insurance to > SMEs
Pipes makes insurance a convenient opt out rather than an inconvenient opt-in so everyone can protect what matters to them.
Imagine comparethemarket.com as an API - multiple insurers, multiple policies, multiple markets - offer best policy to the users in REAL TIME.
Our vision is to enable all insurance products to be distributed through all digital platforms to consumers & SMEs in all segments, providing a whole market view of the best insurance products from the best providers at the best price.