Company Information

Get to know Purple Ant

Purple Ant is a B2B InsurTech solution provider that offers a smart home IoT (Internet of Things) data platform for insurance carriers. The company's core mission is to help insurers proactively prevent and mitigate property damage claims, particularly from water leaks, by leveraging data from various smart home devices. By analyzing this data, Purple Ant's platform enables insurers to reduce claim frequency and severity, lower operational costs, and enhance customer engagement and retention through proactive risk management.

Industry

Technology Software DevelopmentPRIMARY
Financial Insurance

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Purple Ant

United States

Founded in

13 Aug 2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.