Blockchain-Based Healthcare Exchange Raises $3M to Democratize Health Insurance

Meet Candor Insurance :


The GA-based startup, established in 2017, has raised a total of $3.61M, at a $9M valuation, to build the “only app that enables Americans to make smarter decisions when it comes to health insurance, and ultimately lower the total cost of healthcare.”


Wait, there’s more. According to a blog post published on August 21, 2017, the advantages of Candor are as follows:

Advanced Client Tools and User Experience: Candor’s advanced technology provides the easiest and most complete navigation and sign-up process in the industry. It features groundbreaking tools which allow side-by-side comparisons of all plans offered in the exchange – including breakdowns of what medical appointments or procedures will cost with each plan.

Unparalleled Customer Service: Knowledgeable human support combined with a powerful chatbot named Casey, driven by artificial intelligence, provides 24/7 client attention that’s caring, complete and effective for maintaining customer satisfaction.

A Hands-Free Process for Agents: Once Agents refer clients to their own, branded section of the Candor Insurance Exchange, they can sit back and relax (or pursue new business). Enrollments, renewals, changes, and support are all handled by Candor under the Broker’s name – with commissions going directly to the Broker. All client information remains available at all times, stored securely on the cloud and available to the Broker via his or her Candor account.


Bottom Line: an emerging partner to agents selling health insurance because…