Victory Square Technologies - CEO, Shafin Diamond Tejani
CEO, Shafin Diamond Tejani
Source: Thrive Global
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  • Victory Square (VST) portfolio company CloudAdvisors has launched Canada’s first digital employment benefits marketplace
  • The AI-powered marketplace launched with over 65 providers and over 500 solutions to deliver insights to thousands of employers
  • Insurers, advisors and employers can easily sign up to participate in relevant solutions
  • Victory Square Technologies builds, acquires and invests in promising startups shaping the 4th Industrial Revolution
  • Victory Square (VST) is down by 2.99 per cent and is currently trading at $0.65 per share

CloudAdvisors has launched Canada’s first digital employment benefits marketplace.

Based in Vancouver, CloudAdvisors is Canada’s largest AI-powered insurtech marketplace for employee benefits.

CloudAdvisors’ platform provides benchmarking data from over 10,000 employers, AI-automated recommendations and a solution marketplace that matches employers with benefits they can purchase. 

The marketplace launched with over 65 providers and over 500 solutions to deliver insights to thousands of employers. 

Insurance carriers, third-party administrators and health and wellness providers can list their products and services in the marketplace.

Advisors can license and customize CloudAdvisors to organize, analyze, automate and deliver their proprietary annual advisory model. They can also generate and share reports, recommendations and quotes to employers through a secured portal.

Employers can join the platform for free to evaluate their benefits, identify gaps and then match with relevant solutions.

Over 20 million Canadians are currently insured through employee benefits.

Matt Lister, CloudAdvisors’ co-founder, commented, 

“Millions of Canadians rely on their employer and advisor to annually navigate the complex world of insurance and enhance the benefits offered to employees and their families. Advisors have been using traditional tactics for decades, relying on face-to-face communication with hard copy materials. This fragmented sales process has resulted in many employee benefit plans becoming dated and overpriced, while the best advisors want to provide a significantly better service to their clients, while they have lacked the technology to deliver.”

Victory Square Technologies builds, acquires and invests in promising startups shaping the 4th Industrial Revolution.

Victory Square (VST) is down by 2.99 per cent and is currently trading at $0.65 per share as of 10:22 am ET.

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