Total raised
—
Stage
Pre-Funding
Founded
2018
Headcount
3
HQ
Ramat Gan
Sector
Fintech & Insurtech
About
Facio leverages big data and artificial intelligence technologies to provide financial services with a cloud-based platform for contract management. The platform is designed to autonomously negotiate, sell, execute, control, and document legally relevant events and actions in accordance with the terms of the contract between issuers, holders, and the ecosystem. Facio aims to make financial services universally accessible and to reduce transaction costs, arbitrations, enforcement costs, fraud losses, and malicious and accidental exceptions.
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is Facio's primary business activity?
- Facio provides a cloud-based platform for smart contract management, leveraging big data and artificial intelligence for the financial services industry.
- When was Facio founded?
- Facio was founded in July 2018.
- Where is Facio's headquarters located?
- Facio's headquarters is located in Ramat Gan, Israel.
- Does Facio have any offices outside of Israel?
- Yes, Facio has an office in Brooklyn, NY, USA.
- What is Facio's current funding stage?
- Facio is currently in the Pre-Funding stage, with no total raised amount reported.
- How many employees does Facio have?
- Facio has 3 employees.
- Who are the founders of Facio?
- The founders of Facio are Liav Geffen and Uriel Aharoni.
- What was a notable news event for Facio in early 2020?
- In February 2020, a news release announced a new self-learning algorithm by Facio designed to immunize against insurance disruptors.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtech
Technologies
Artificial IntelligenceMachine LearningDeep LearningData StorageCloudPlatforms & InterfacesSoftwareAPI
Target customers
Financial ServicesFinancial InstitutionsRegulationFinancial ProductsInsuranceHealthcare & Life SciencesHealthcareInsurance Companies
Business model
B2B
Highlights
Verified
Tags
legaltechbig-datapersonalizationmachine-learningrisk-managementinsurance-companiesbig-data-analyticspredictive-analyticscustomer-engagementartificial-intelligencefinancial-institutionshealthcare-providersinsurtech