Technology unlocks new ways to transact and creates new pathways for supply to meet demand. Today, companies use computer intelligence to augment the buying experience and reduce transaction costs in the process, unlocking new products and services that were previously too difficult to distribute at scale. Whether it be through improved unit economics for supply, or streamlined purchasing for demand, we seek companies who use technology to improve unit economics for supply or streamline purchasing for demand, enabling efficient market access for products and services. Examples include DailyPay and Coterie Insurance.
DailyPay is a financial technology company that enables enterprise employees to access a portion of their earned wages ahead of the traditional payday schedule. Instead of being limited traditional pay cycle or a predatory payday loan, DailyPay has delivered a tech-enabled lending solution to the market, with fair terms and financial flexibility for workers. DailyPay’s software integrates with payroll systems to provide a seamless and secure way for employees to access their earnings, track their financial progress, and manage their finances more effectively. And employees are speaking with their feet - the average turnover rate improved by 35% for workers with DailyPay’s earned wage access solution. DailyPay's use of technology not only facilitates quick and convenient access to earned wages, but also offers additional payroll management features, making it a valuable benefit for both enterprises and employees.
Coterie Insurance is a marketplace that leverages technology to make commercial insurance more accessible for small to medium-sized business, with a wide range of insurance products and services tailored to the needs of customers. Their online platform simplifies applications and underwriting, while automated algorithms streamline risk assessment, resulting in faster policy approvals. By analyzing business-specific data, Coterie customizes insurance coverage to individual needs, ensuring accurate pricing and coverage levels. And Coterie’s real-time policy updates and digital claims processing offer new flexibility and efficiency, enhancing the accessibility, speed, and customization of insurance solutions for businesses.
Frontier continues to seek innovative technology companies that drive efficient market access, enabled by technology. We have made several investments which map to this theme, including the companies in the gallery below.
