Out of 200 applicants, Perth-based startup Boundlss has been selected to join the HCF Catalyst Accelerator …
The 12-week Sydney-based HCF Catalyst accelerator – now in its third year – has selected Perth insurtech startup Boundlss team for its ‘scale-up’ program. This gives Boundlss to opportunity to form a commercial partnership with Australia’s third largest health insurer.
The announcement follows a string of successes for Boundlss who are currently participating in the Hartford InsurTech acceleration program, over in Connecticut, USA.
“We’re extremely proud, especially as this comes shortly after our selection for the Hartford InsurTech Hub,” said Mike Kruger, CEO of Boundlss, “It’s great to get recognition for the hard work we’ve put into our AI-powered member engagement platform, both abroad and at home in Australia.”
Established in 1932, HCF is Australia’s third largest insurer with 1.5 million members and 50 branches across the country.
“We have chosen this year’s Catalyst participants because they align with HCF’s vision to drive affordable, high quality outcomes throughout the health industry.” Said Sheena Jack, CEO of HCF.
“We’re proud that HCF Catalyst continues to attract the brightest minds in the health tech space and we want to continue to lead the market by finding disruptive technologies and solutions that solve the biggest problems in healthcare.”
“It was fantastic to meet 2018’s participants,” said Mike, who met his fellow Catalyst startups last week (see photo). “They all have disruptive businesses that will clearly improve health and wellbeing for Australians. There’s no doubt that HCF Catalyst will provide dynamic and exciting opportunities to establish new partnerships, grow our business and learn from the experienced team involved.”
Boundlss was founded by Mike Kruger and Jonah Cacioppe. Some Startup News readers may remember Jonah and Mike’s earlier versions of Boundlss, which was more of a big data and behaviour analytics platform. Among other things, their technology was used to showcase the developing startup ecosystem across Perth and Western Australia, publishing reports in 2013 and 2015.
In 2016, Boundlss pivoted and today is, in their words, “an AI-powered, conversational member engagement tool which aims to help health & life insurers attract, reward & retain healthy members; and understand & improve member health”.
The team won Best InsurTech Startup of The Year in 2016, and raised $1.9M in angel funding from investors including Kerry Harmanis, one of Australia’s top 200 wealthiest individuals.
Mike and Jonah’s aim is to improve the life of over 100 million by 2020. Their team includes 16 full time staff and 10 part-time staff, in Hong Kong, Perth, Beijing and Edinburgh.
UPDATE 15th Feb: Boundlss has been announced as a finalist in the Insurance Innovator of the Year at the 2018 Fintech Business Awards. The winners will be announced on 22nd March in Sydney.
For more, visit Boundlss