Completely Remote Startup Proxifile Closes $ 2.3 Million Angel Funding
SAN FRANCISCO – (BUSINESS WIRE) – Proxifile, creator of the world’s first Claims-as-a-Service platform that helps businesses and individuals resolve financial and asset recovery claims, has closed a $ 2.3 million Angel financing .
Founded in May 2020 at the height of the COVID-19 pandemic, Proxifile is a completely remote startup with headquarters in the Bay Area and employees in Taiwan, Ireland, Finland, Vancouver, Washington, DC and Pennsylvania.
Despite the locks, the different time zones, and the general uncertainty of times, Proxifile has grown. It launched its bankruptcy product and successfully closed its angel funding round, led by senior technology managers including Reid Hoffman (Founder of LinkedIn), Andy Cohen (SVP of Sales at Bill.com), Matt Humphrey (CEO of LendingHome), Harvey Golub (former CEO of American Express), Lloyd Lobo (founder of Boast.ai) and Ryan Gilbert (founder of Launchpad Capital).
“Proxifile has identified a significant and urgent need for creditors who are underserved in today’s marketplace – to tackle the complications of bankruptcy and bring claims relief into the digital age,” said Ryan Gilbert, founder of Launchpad Capital.
Other investors include top executives from NerdWallet, Kiva, Wag, OneFinance, Airkit, Gentem Health, Snowflake, BlueVista and Tencent, as well as Darwin Ventures, Quiet Venture Fund and partners of Rally Ventures and Fenway Summer Ventures.
This funding will enable Proxifile to expand its bankruptcy claims offering from Beta to a nationwide rollout and begin expanding to property claims for individual owners and managers.
“Proxifile was created to help people and businesses reclaim their debts,” said CEO and co-founder Cassindy Chao Bierhaus. “For most busy people, making claims is too complicated. And because of the many rules and requirements, one misstep can mean you will lose your money. Proxifile was developed to help the average person to navigate these complicated processes at the push of a button – and to make the entire process transparent and comprehensible. ”
Proxifile helps individuals and businesses owed money navigate the complicated legal claims process. As the first “Claims as a Service” company, Proxifile combines in-depth know-how with innovative technology in order to create a level playing field for traditionally neglected smaller creditors. By automating compliance and transparency, Proxifile is revolutionizing the way claims are handled.
To this day, most of the Proxifile team have yet to meet in person. Cassindy tells the story of rushing to the airport shortly after he was hired to have lunch with Gene Ho, the product manager, to make that personal connection before taking his flight to Europe.
The company also had some adventurous Zoom calls, including a bar hop through Helsinki for a (or three) nightcap or a meet from the top of the 5000 year old Neolithic Irish passage chamber tomb Fourknocks in County Meath Me, Ireland.
With extensive legal, finance and technology experience, the Proxifile team is committed to developing a range of products and services that put compliance, accountability and accessibility at the forefront of claims processes.
“In order to successfully enforce financial and asset claims, a large number of compliance requirements must first be met. Small businesses don’t have a huge compliance department, so we started Proxifile, ”said Neil Peretz, Co-Founder and General Counsel of Proxifile.
Proxifile is an example of how a company can overcome all obstacles and be successful through innovative thinking and the use of all available tools.
ABOVE
Proxifile was founded in 2020 by Cassindy Chao Bierhaus, an investment banking veteran from Bear Stearns, JP Morgan, and Goldman Sachs. and Neil Peretz, attorney and entrepreneur who co-founded the Office of Enforcement at the Consumer Financial Protection Bureau and was a litigator in the Corporate and Finance Department of the US Department of Justice.