FNO: InsureTech Ep 247: CEO and Co-Founder of SnapRefund, Cody Eddings
Rob and Lee are joined by Cody Eddings, CEO and Co-Founder of SnapRefund. Cody first shares the story of founding SnapRefund in Philadelphia and taking the company through accelerators like TechStars. Cody also reflects on the validation of winning the State Farm pitch competition at ITC, and details how SnapRefund’s technology works to streamline and simplify the insurance claims process through automation and digital payments.
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What You’ll Hear In This Episode:
[9:29] Cody shares the origin behind SnapRefund.
[9:48] The growing startup scene in Philadelphia.
[11:02] Cody met his co-founder at a pitch workshop.
[12:09] Great life lesson: you get the best out of people when you help them accomplish whatever it is they truly want to accomplish.
[12:37] SnapRefund helps insurers send outbound payments with automation and analytics to improve customer retention, and operational efficiency.
[18:46] The rising trend of cash apps.
[20:01] How SnapRefund’s technology works to connect to clients’ existing bank accounts.
[23:43] SnapRefund’s mission to financially empower people and give them greater control over their money.
[24:07] Bringing visibility for both the insured and the adjuster.
[28:19] The two startups Cody built before SnapRefund.
[31:36] Overcoming challenges in the fundraising process.
[41:03] The experience of being with Techstars.
[45:08] What it meant to win State Farm’s ITC pitch competition.