Usay Business Limited
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Usay Business Limited - overview
Established
2008
Location
-, -, UK
Primary Industry
Insurance
About
Usay Business Limited provides a platform for comparing health and life insurance products, acting as an intermediary between consumers and top insurers in the UK. The company simplifies the insurance selection process for individuals and families. Founded in 2008 and headquartered in the UK, Usay Business Limited specializes in insurance brokerage services. The company has operated under a consistent business model and does not have any subsidiaries or significant changes in its operational strategy.
The founder's background is not specified in the available data. In May 2021, The Ardonagh Group Limited acquired a stake in Usay Business Limited for an undisclosed sum, marking the most recent funding activity. The company has engaged in one notable funding deal. Usay Compare specializes in comparative analysis of health and life insurance products, serving as an intermediary between consumers and market-leading insurers such as Aviva, AXA, and Bupa.
The company’s core service allows users to compare various health and life insurance policies to find tailored solutions that meet individual needs effectively. By engaging potential clients in a user-friendly process, Usay Compare facilitates the evaluation and suggestion of the most suitable insurance options. Their primary target audience includes individuals and families in the UK, aiming to enhance the insurance selection process and promote informed decision-making regarding health and life coverage. In the most recent year, 2022, Usay Compare reported a revenue of USD 49.
92 mn and an EBITDA of USD 11. 06 mn. The company operates on a commission-based revenue model, generating income by connecting clients with insurance providers while allowing consumers to access their services at no charge. Usay Business Limited is planning to expand its product offerings and enhance its market reach in the coming years.
The anticipated developments include the introduction of new insurance products tailored to address emerging consumer needs. Furthermore, the company intends to explore expansion into additional geographical markets beyond the UK. The funds from the stake acquisition by The Ardonagh Group Limited will support these growth initiatives, aimed at enhancing operational capabilities and broadening the client base.
Current Investors
The Ardonagh Group Limited
Primary Industry
Insurance
Sub Industries
Life Insurance, Health Insurance
Website
www.usaycompare.co.uk
Verticals
InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Usay Business Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Usay Business Limited | - |
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