About Noyo
Noyo provides a platform for managing and exchanging employee benefits data. The platform synchronizes important benefits information, making it readily available for businesses in the benefits and insurance sectors. This synchronization allows companies to design and deliver benefits more effectively, improving the experience for both employers and employees. Noyo differentiates itself from competitors by focusing on automation and seamless integration of benefits data, which helps streamline operations for its clients. The goal of Noyo is to empower businesses to create more efficient benefits programs through advanced tools and technology.
Boston, MassachusettsHeadquarters
2017Year Founded
$55.9MTotal Funding
SERIES_BCompany Stage
Enterprise Software, Financial ServicesIndustries
51-200Employees
Risks
Emerging insurtech startups using API technology may increase competition for Noyo.
Continuous updates to Noyo's platform may be costly due to rapid tech advancements.
Data privacy concerns could arise as Noyo expands its data handling capabilities.
Differentiation
Noyo is the first to offer API solutions for benefits enrollment and eligibility.
Noyo's Command Center provides a no-code interface for managing benefits enrollments.
Noyo's platform ensures SOC 2 Type II and HIPAA compliance for secure data management.
Upsides
API technology adoption is accelerating, enhancing operational efficiency in the insurance sector.
Noyo's strategic partnership with The Standard boosts its digital transformation capabilities.
Customization of benefits is gaining traction, attracting more clients to Noyo's platform.
Funding
Total raised$55.93 M
Latest valuation$225.00 M
StageSERIES_B