Startups of the Year 2024: YellowMay - Innovating the Insurance Industry

Welcome to HackerNoon’s Startups of The Year 2024 interview series, spotlighting startups from around the world that are changing the way we live, one solution at a time. If you’ve been nominated, create a brand profile and answer these questions here.

Want to nominate a startup? Follow the steps here.

Use the following sections to tell readers about your startup and get them to vote for you! These questions are designed to help tell readers about your company and vision and you do NOT need to answer all of them. Answer the ones that you feel can provide the most information.

Looking for inspiration? Check out how other startups responded to last year’s Startups of The Year interview questions and examples of company responses here, here, and here.

• YellowMay is a future-thinking innovation expert in the insurance industry, specializing in the innovation of products, processes, and strategies designed to benefit both end-users and the broader insurance ecosystem. By staying at the forefront of industry trends, YellowMay ensures that clients receive cutting-edge solutions tailored to their unique needs.

  
  

• 7 experienced consultants across Europe

• We have served over 50 customers, and we are able to grow awareness of our capabilities. This has given the trust of our customers to have a bigger impact on their business ideas.

• Moving towards 7 figure deals is already within our reach!

• We started as a marketplace and ended up as a consulting company!!!
• Already when building the marketplace, we were met with requests to build solutions, and now, we just build solutions!
• The growing demand to find individuals who can support the journey of the company is growing.

• Collected 300k funding for the marketplace build-up. Crossed the +50 customer mark, nearing deal sizes of 6-7 figures.

• The toughest period is definitely the slowness of the industry, and we have had to be able to be inventive in creating momentum to push projects to get started. 2 years as customer negotiations is nearly a norm…

• Someone had suggested us, and we are more than happy to join in as we are a bit of rebels shaking the structures within the insurance industry!

If the insurance industry does not innovate and find solutions in this risky world, then someone else does so. That´s why we are here to help the industry develop new ways of thinking!