QuickFacts Inc.
SaaS platform aggregating insurance carrier data into searchable dashboard for brokers
Website: https://www.quickfactsinc.com/
Cover Block
| Name | QuickFacts Inc. |
| Tagline | SaaS platform aggregating insurance carrier data into searchable dashboard for brokers |
| Headquarters | Halifax, Canada |
| Founded | 2020 |
| Stage | Seed |
| Business Model | SaaS |
| Industry | Insurtech |
| Technology | AI / Machine Learning |
| Geography | North America |
| Growth Profile | Venture Scale |
| Founding Team | Co-Founders (2) |
| Funding Label | Seed (total disclosed ~$2,000,000) |
Links
- Website: https://www.quickfactsinc.com/
- LinkedIn: https://www.linkedin.com/company/quickfactsinc/
- X / Twitter: https://twitter.com/quickfactsinc
- YouTube: https://www.youtube.com/@quickfactsinc
The Short Version
QuickFacts Inc. offers a solution to the daily scramble across carrier portals for underwriting details. By consolidating carrier contacts, decline rules, forms, and guidelines into a single searchable dashboard, the platform replaces a fragmented, manual process with a centralized database [QuickFacts, 2024].
The company was co-founded in late 2020 by Christy Silvestri, a former broker and director of operations, and Jeff Barsalou, who brings sales and business development experience [QuickFacts, 2024]. The core value proposition is operational efficiency, with claims of saving brokers up to two hours daily [QuickFacts].
Following participation in the Creative Destruction Lab accelerator, QuickFacts closed a $2 million seed round in 2024 led by Sandpiper Ventures to fund its expansion across North America [The SaaS News]. Recent product development includes an AI-enhanced commercial lines tool and strategic integrations, such as a partnership with the broker management system Acturis [QuickFacts].
Data Accuracy: YELLOW -- Core facts are confirmed by company and investor sources; product claims and traction metrics are primarily company-sourced.
Taxonomy Snapshot
| Axis | Classification |
|---|---|
| Stage | Seed |
| Business Model | SaaS |
| Industry / Vertical | Insurtech |
| Technology Type | AI / Machine Learning |
| Geography | North America |
| Growth Profile | Venture Scale |
| Founding Team | Co-Founders (2) |
| Funding | Seed (total disclosed ~$2,000,000) |
The Company in Brief
QuickFacts Inc. was co-founded in late 2020 by Christy Silvestri and Jeff Barsalou [QuickFacts, 2024]. The company is headquartered in Halifax, Canada, and operates as a SaaS platform targeting operational inefficiencies faced by insurance brokers [Crunchbase].
The company participated in the Creative Destruction Lab accelerator program [Creative Destruction Lab]. A significant product expansion occurred with the launch of a commercial product line, which uses AI to categorize documents by product type [QuickFacts]. The most recent confirmed milestone is a $2 million seed funding round in 2024, led by Sandpiper Ventures [QuickFacts, 2024].
Data Accuracy: YELLOW -- Company website and Crunchbase provide foundational details; accelerator participation and some product launch dates lack independent corroboration.
What They Have Built
QuickFacts’ core product is a centralized, searchable database for Canadian insurance brokers. The platform aggregates underwriting information, including carrier contacts, decline rules, policy wordings, forms, and binding guidelines, onto a single page [QuickFacts]. The company claims this consolidation can save brokers up to two hours daily [QuickFacts].
The product currently covers personal retail, high-value retail, commercial lines, and some specialty MGA products across nine Canadian provinces [QuickFacts]. A recent launch added a commercial product line that uses AI to categorize documents by product type [QuickFacts].
Integration and workflow automation are addressed through announced partnerships. A collaboration with Acturis is intended to deliver custom workflows to brokers [QuickFacts]. Another partnership with My Mutual Insurance provides brokers in Saskatchewan with streamlined access to that carrier’s underwriting guidelines [QuickFacts].
Data Accuracy: YELLOW -- Product claims are sourced from the company website and investor materials; third-party verification of technical implementation and performance metrics is limited.
Market Research and Opportunity
QuickFacts sells efficiency to a distribution channel that is structurally fragmented. Insurance brokers in Canada must navigate a patchwork of carrier-specific portals to access the underwriting details needed for daily client service.
| Metric | Value |
|---|---|
| Canadian Broker Premium Volume (analogous) | 60 $B |
| Seed Funding (2024) | 2 $M |
Data Accuracy: YELLOW -- Market sizing is inferred from an analogous industry association figure; demand drivers are supported by company content and general industry narrative.
Who Else Is Fighting for This
QuickFacts operates in a niche defined by data access and workflow efficiency for insurance brokers.
| Company | Positioning | Stage / Funding | Notable Differentiator |
|---|---|---|---|
| QuickFacts Inc. | SaaS platform aggregating carrier data into a single searchable dashboard for brokers. | Seed (~$2M) [QuickFacts, 2024]. | Focus on Canadian market with AI-enhanced document categorization; founded by ex-brokers. |
| Applied Systems | Provider of agency management systems (AMS) and rating software for the P&C insurance industry. | Private, mature company. | Dominant market share in core agency management; deep integration with carriers and workflows. |
| Vertafore | Offers a suite of insurance software solutions including agency management, rating, and compliance. | Acquired by Roper Technologies in 2020. | Comprehensive, enterprise-scale platform with a broad North American footprint. |
Data Accuracy: YELLOW -- Competitor profiles are established but differentiation claims are based on company statements and industry context.
Opportunity
The prize for QuickFacts is the operational control point for the Canadian insurance brokerage market. The company's core proposition, aggregating carrier contacts, rules, and forms into one searchable dashboard, directly targets a fundamental inefficiency [QuickFacts].
| Scenario | What happens | Catalyst | Why it's plausible |
|---|---|---|---|
| National Standardization | QuickFacts becomes the mandated data conduit between carriers and brokers in key provinces. | A regulatory push for standardization or a partnership with a major broker association. | The company already aggregates data across nine provinces and has a stated partnership with My Mutual Insurance [QuickFacts]. |
| Platform Ecosystem | The Acturis partnership evolves, embedding QuickFacts' data layer directly into the core policy administration system used by brokers. | Deep technical integration and joint go-to-market motions. | Acturis is a established SaaS platform for brokers; embedding QuickFacts would provide immediate distribution. |
| Product Expansion into U.S. | The company replicates its Canadian model in neighboring U.S. states, starting with regional carriers. | The $2 million seed round, led by Sandpiper Ventures, was explicitly raised to accelerate expansion across North America [QuickFacts, 2024]. | The founding team's domain expertise is in insurance processes, which have parallels in the U.S. market. |
Data Accuracy: YELLOW -- Opportunity analysis is based on company-stated goals and early partnerships; market size and comparable valuations are inferred from the broader industry context.
Sources
- [QuickFacts, 2024] QuickFacts Raises $2M to Accelerate Software Expansion Across North America | https://www.quickfactsinc.com/news/2024-funding-round-close
- [The SaaS News] QuickFacts Closes $2 Million in Funding | https://www.thesaasnews.com/news/quickfacts-closes-2-million-in-funding
- [QuickFacts] Underwriting Comparisons Software | https://www.quickfactsinc.com/comparisons
- [QuickFacts] Frequently Asked Questions | https://www.quickfactsinc.com/faq
- [QuickFacts] QuickFacts Launches Highly Anticipated Commercial Product Line | https://www.quickfactsinc.com/news/quickfacts-launches-highly-anticipated-commercial-product-line
- [QuickFacts] Acturis Partners with QuickFacts | https://www.quickfactsinc.com/news/acturis-partners-with-quickfacts-to-deliver-custom-workflows-to-strengthen-broker-operations
- [QuickFacts] QuickFacts Expands Partnership with My Mutual Insurance | https://www.quickfactsinc.com/news/quickfacts-expands-partnership-with-mymutual
- [Crunchbase] QuickFacts - Crunchbase Company Profile & Funding | https://www.crunchbase.com/organization/quickfacts
- [Creative Destruction Lab] QuickFacts Inc. company page | https://creativedestructionlab.com/companies/quickfacts-inc/
- [Sandpiper Ventures] QuickFacts profile | https://sandpiper.vc/quickfacts/
Articles about QuickFacts Inc.
- QuickFacts Has Consolidated Nine Provinces of Carrier Data for Canadian Brokers — The Halifax-based insurtech, backed by Sandpiper Ventures, is betting a single searchable dashboard can replace hours of daily portal-hopping.