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Full-Time

Director of Finance

Posted on 7/15/2024

Wagmo

Wagmo

11-50 employees

Pet insurance and wellness plans for pets

Fintech
Financial Services
Consumer Goods

Compensation Overview

$160k - $250kAnnually

+ Equity

Senior, Expert

New York, NY, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Communications
Management
Requirements
  • Core Financial Expertise
  • Strategic Financial Management
  • Operational Skills
  • Personal Attributes
Responsibilities
  • Comprehensive Financial Ownership
  • Financial Management
  • Performance Metrics
  • Process Enhancement
  • Strategic Development
  • Operational Insight
  • Budget Collaboration and Capital Allocation
  • Analytical Support
  • Internal and External Stakeholder Communications
  • Audit Coordination
  • Fundraising Partnership
  • Risk Management

Wagmo specializes in pet insurance and wellness plans designed for cats and dogs. The company offers two main products: wellness plans that cover routine expenses like vet visits and grooming, providing over $1,100 in annual reimbursements, and insurance plans that cover unexpected incidents such as accidents and illnesses, potentially covering up to 100% of costs after the deductible. Wagmo operates as a licensed insurance agency, earning revenue from premiums while partnering with the National Specialty Insurance Company for underwriting. What sets Wagmo apart from other pet insurance providers is its focus on both preventive and emergency care, allowing pet owners to manage all types of expenses. The goal of Wagmo is to make pet care more affordable and accessible for pet owners.

Company Stage

Series A

Total Funding

$24.5M

Headquarters

New York City, New York

Founded

2017

Growth & Insights
Headcount

6 month growth

4%

1 year growth

31%

2 year growth

39%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent investments from Erie Strategic Ventures and other investors signal strong financial backing and growth potential for Wagmo.
  • Partnerships with platforms like Rover and Forbes EQ enhance Wagmo's visibility and credibility in the pet care market.
  • Wagmo's comprehensive wellness and insurance plans offer significant value to pet owners, potentially leading to high customer satisfaction and retention.

What critics are saying

  • The pet insurance market is becoming increasingly competitive, requiring Wagmo to continuously innovate to maintain its edge.
  • Reliance on third-party underwriters like the National Specialty Insurance Company could pose risks if these partnerships face disruptions.

What makes Wagmo unique

  • Wagmo uniquely combines preventive wellness plans with emergency insurance, offering a comprehensive pet care solution that many competitors lack.
  • Their partnership with the National Specialty Insurance Company allows Wagmo to focus on customer service and tailored insurance solutions without bearing underwriting risks.
  • Wagmo's digital-first approach, including 24/7 telemedicine support and rapid claims processing, sets it apart in the pet insurance market.
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