Noyo is an API layer for the health insurance industry. Founded in 2017 with offices in both San Francisco, California and Durham, North Carolina, Noyo has raised $4 million to date.
Noyo was born out of founders Dennis Lee and Shannon Goggin’s frustrations with the technology solutions available to them at Zenefits, also an API platform that failed to address certain needs.
Customers pay on a volume basis, so smaller companies pay far less for the same program. In a nutshell, the platform powers a more modern health insurance system by creating digital standards for the secure exchange of data between insurers, brokers, and consumers. Instead of manual data entry, custom-coded EDI files and cumbersome legacy systems, benefits platforms and insurance carriers can get connected quickly using Noyo’s best-in-class technology designed to provide real-time transparency consumers deserve.
Noyo maintains a corporate office in both San Francisco, California, and Durham, North Carolina.