Clyde

Clyde aims to transform insurance at the point of sale, starting with the extended warranty industry.

Clyde offer product protection, enabling retailers, from startup to enterprise, to offer product protection plans to customers. It has a portfolio of insurers and an internal tool that connects retailers to their best-fit insurance providers, and has developed a platform that enables retailers to manage their product protection offering, learn from its performance, and engage customers. Clyde also offers a post-purchase program that helps customers to stay engaged with products and retailers, understand their product warranties, and purchase more protection when needed.

Clyde has stated it has an average attachment rate of 18%, and currently works with over 300 brands across a range of sectors, including electronics, scooters, appliances, and jewellery.

In May 2020 Clyde raised a $14m Series A, led by Spark Capital.

In October 2021, Clyde raised $25m in Series B funding, as well as $16m in working Capital. Clyde will expand its GDPR and CCPA-compliant platform so merchants can identify and build direct relations with customers, even when they purchase through third parties.