Axle
Axle, a fintech company based in New York and Atlanta, specializes in providing a universal API for insurance data, focusing on instant verification and coverage monitoring to enhance operational efficiency and user experience.
Company Overview
Axle, formerly known as Axle Labs, Inc., is a fintech company that specializes in insurance solutions. Located in New York, NY, and Atlanta, GA, the company's small team of six is dedicated to providing universal APIs for insurance data. These APIs enable instant insurance verification and ongoing coverage monitoring, aiming to reduce operational costs and create a frictionless user experience. Axle is backed by Y Combinator's S22 batch and Gradient Ventures, Google's AI-focused venture fund.
Services
Axle offers a universal API designed to streamline insurance data management. This service enables instant insurance verification and ongoing coverage monitoring, which assists both operators and product teams in verifying customers quickly. The company's solutions are integrated seamlessly into existing applications, reducing operational costs and eliminating friction in the user experience. Axle's services maintain high standards of data security and privacy, adhering to SOC 2 Type 2 compliance.
Partnerships
In partnership with Dealerware, Axle enhances insurance verification processes for automotive dealerships and rental companies. This collaboration has resulted in a 90% reduction in verification time, offering benefits such as risk mitigation, improved time efficiency, cost savings, and seamless integration into existing workflows. This partnership underscores Axle's commitment to providing valuable, efficient solutions to its clients.
Compliance and Security
Axle prioritizes data security and privacy, complying with SOC 2 Type 2 standards. This compliance ensures that the company's services meet rigorous standards for data security, making them a trustworthy partner for enterprises that handle sensitive insurance information. This high level of compliance reassures clients of Axle's commitment to maintaining the highest security practices in all its operations.