Foxen Administration, LLC

Founded in 2018 and based in Ohio, US, Foxen Administration, LLC, dba Foxen, is a fintech company that provides insurance and financial solutions for property owners, managers, and residents. The company is co-founded by Jay Harkrider (CEO) and others. In June 2022, Foxen Administration, LLC, raised USD 44 million in Series A funding from Summit Partners and Level Equity. The company’s customers include Harrison Street, Cardinal Group, Tides Equities, Coastal Ridge, XFD, and Sundance Property Management, LLC.

The company offers waivers, a monitoring compliance and filling coverage gaps programme that has features such as discovery and implementation, automated enrollment, a perpetual safety net, the elimination of property-level duties, and a dashboard overview that delivers real-time data. Foxen's proprietary backend software integrates with property management systems to provide complete transparency to key stakeholders and eliminate all site-level insurance tracking duties. The firm also provides rentistry, a rent reporting and credit building programme that records resident rental payments to credit bureaus, allowing tenants to develop and improve their credit ratings. On-time payments, automatic data transmission, the establishment of profitable tradelines, expanded property offerings, considerable score gains, and improved financial wellness are among its benefits.

The organisation plans to use the June 2022 funding to accelerate the development of its product portfolio and hire talent.