COMPANY PROFILE

Buckle

Full-stack insurance and credit platform that partners with transportation network companies to provide financial products and services to support the gig economy

Jersey City, United StatesFounded 2017Fintech

Valuation $250–500M Last recorded · 2022

Revenue $10–50M Latest reported FY

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Buckle

BuckleUp.com is a disruptive startup operating in the insurance industry. It provides a low-cost platform that connects Managing General Agents (MGAs) to reinsurance markets. In the insurance world, MGAs are specialized types of insurance agents who can underwrite policies on behalf of an insurer. Reinsurance, on the other hand, is insurance that insurance companies buy to protect themselves from too much risk.

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Traditionally, the process of fronting, where an insurer underwrites a policy and then passes the risk to a reinsurer, is quite expensive. BuckleUp.com aims to reduce these costs significantly. It does this by providing a platform that connects MGAs and reinsurance markets directly, eliminating the need for costly intermediaries.

BuckleUp.com's business model is based on providing a cost-effective solution for MGAs and reinsurance markets. It makes money by charging a fee for the services it provides on its platform. The company's vision is to make fronting so affordable that MGAs will never consider owning an insurance carrier, positioning BuckleUp.com as the superior economic solution.

In essence, BuckleUp.com is a game-changer in the insurance industry, providing a cost-effective and efficient solution for MGAs and reinsurance markets to connect and transact.

Source: Dealroom company data