Brooklyn, United States
Facio is a Smart Contract Cloud platform that aims to revolutionize the insurance, banking, and financial services industries. The platform utilizes big data objects and artificial intelligence elements to autonomize the processes of selling, underwriting, servicing, controlling, and documenting legally relevant events and actions in accordance with the terms of the contract.
The Smart Contract Cloud platform encompasses a range of technologies including the Smart Contract Builder, Index algorithm for big data search, Application builder, and Data galaxy. These components enable the creation and management of Smart Contracts, facilitate big data search, and provide interfaces for web and mobile app creation and API management.
Founded in 2018 and headquartered in the United States, Facio operates in the industries of Automation, Big Data, Cloud Infrastructure, Fintech, Insurtech, and Quantum. The company's objectives include making financial services universally accessible, reducing transaction costs, fraud losses, and improving trustworthiness through autonomous operation.
As of now, there is no public information available about Facio's last investment or the involved investors.
