FAIRPAY Solutions, Inc.
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FAIRPAY Solutions, Inc. - overview
Established
1999
Location
Addison, TX, US
Primary Industry
Healthcare
About
FAIRPAY Solutions, Inc. is a technology provider specializing in property and casualty claims management, delivering innovative solutions that enhance efficiency in claims processing and collision repair across the insurance and automotive sectors. Founded in 1999 in Addison, US, FAIRPAY Solutions specializes in claims management technology. The company had three significant financial transactions, with the most recent deal occurring on March 3, 2014, when Riverside Company sold FAIRPAY Solutions.
FAIRPAY Solutions offers a comprehensive suite of technology solutions tailored for the property and casualty (P&C) claims management sector. Its products facilitate efficient claims management and collision repair processes for various scenarios, including first-party auto, third-party liability, and workers' compensation, serving auto insurers, collision repair shops, and third-party administrators primarily in the U. S. and Canada.
FAIRPAY Solutions operates on a structured B2B model, generating revenue through subscription-based services for its technology solutions. Clients pay for access to its proprietary systems designed for claims processing, with pricing plans varying based on engagement scope, aimed at reducing claim costs and improving service delivery. FAIRPAY Solutions aims to leverage recent funding from its last deal on March 3, 2014, to enhance its technology offerings, although specific details on new products or market expansions have not been disclosed. The company plans to explore new market opportunities and geographic regions to strengthen its presence in the P&C claims management sector.
Primary Industry
Healthcare
Sub Industries
Financial Services, Healthcare
Website
www.mitchell.com
Total Amount Raised
Subscriber access only
FAIRPAY Solutions, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | FAIRPAY Solutions, Inc. | - | ||||||||
| Private Debt | Completed | FAIRPAY Solutions, Inc. | - | ||||||||
| Buyout | Completed | FAIRPAY Solutions, Inc. | - |
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