10,000 times a year, injured individuals sell their future settlement payments for immediate cash. But selling a structured settlement is hard. There are no price controls in place, no innovation, and no visibility into options or pricing. The current market is inefficient, outdated, and controlled by a handful of market makers who buy settlements for a steep discount and put as much markup as possible on the assets for end buyers. As a result, both sellers and end buyers make less money and often question the market's intentions.
CrowFly is the first online marketplace
transforming the way structured settlements are bought and sold. We aim to
creatively destruct and dramatically transform what can be an abusive industry
that today transacts approximately $2 billion worth of business.
We
directly connect buyers to sellers, improving outcomes for all parties. Through
digitizing the assets and automating the required data collection, we reduce
hassle and waste, allowing both sellers and buyers to receive significantly
more money for the asset. Learn more at www.crowfly.com.
CrowFly intends to be a catalyst for
Buffalo to attract other FinTech companies. We are currently semi-finalists in
the local 43North competition. We have self-funded to-date, and our experienced
management team is dedicated to making the venture successful.