Qantev
Qantev builds an AI claims automation and fraud detection SaaS platform for global health and life insurers, deployed across 20+ enterprise customers in 12 countries with proprietary OCR and medical AI models.
- Company typePrivate
- Founded2019
- HeadquartersParis, France
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Qantev does
Qantev is a Paris-headquartered AI software company that builds claims automation and fraud detection platforms for global health and life insurers. Founded in 2019 by Tarik Dadi (ex-AXA lead data scientist) and Hadrien De March (ex-quantitative analyst), the company targets enterprise health insurers — including AXA, Generali, Bupa, FWD, and Pacific Cross — operating across more than 12 countries in Europe, Asia Pacific, the Middle East, and Latin America.
The company's product is a modular SaaS platform composed of three integrated modules: Claims Registration (proprietary OCR, document classification, and data extraction using the in-house MoustacheOCR pipeline and multimodal transformer architectures); Fraud, Waste & Abuse Detection (anomaly detection models trained on 900M+ medical claims with a 72% hit rate); and Claims Management (automated adjudication, pre-authorization, medical coding inference, and straight-through processing at 75% STP with 99% accuracy). The technical stack is proprietary: Vision Transformer encoders, multilingual transformer decoders, PLM-ICD for medical coding, and optimal transport-based provider network optimization — all built in-house rather than wrapping third-party models.
Qantev generates revenue through subscription-based annual or multi-year SaaS contracts with implementation and professional services for deployment, supported by an enterprise field sales motion with regional teams in Paris, London, and Hong Kong. Pricing is quote-based and tied to insurer size, modules selected, claims volume, and geographic scope, with company-stated customer ROI of 3-6x within 24 months. The company has raised over €40 million across Seed, Series A (€10M, October 2022), and Series B (€30M, October 2024, led by Blossom Capital).
Qantev firmographics
Firmographics- Name
- Qantev
- Legal name
- Qantev SAS
- Website
- https://qantev.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Qantev builds an AI claims automation and fraud detection SaaS platform for global health and life insurers, deployed across 20+ enterprise customers in 12 countries with proprietary OCR and medical AI models.
- Ownership category
- akta.pro rank
Qantev industry classification
Industry- Product category
- Health Insurance Claims Management Software
- NAICS
- Software Publishers (5132), Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industry
- Identity, Fraud & Insurance-Specific RegTech Platforms (FSAGAGAJ)
Keywords
Where Qantev is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices3 records
Markets served
Qantev business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscription: Subscription-based SaaS model providing access to Qantev's AI claims platform modules including Claims Registration, Fraud Detection, and Claims Management. Platform is deployed within 4-6 months on average. Revenue generated through annual or multi-year contracts with health insurers.
- Implementation and Professional Services: Professional services for platform deployment, integration with insurer's existing systems, and customization. Deployment typically takes 4-6 months with dedicated implementation team.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS platform with modular pricing based on selected modules and deployment scope |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Qantev product offering
Product offeringCore offering
Qantev provides an AI-powered, end-to-end SaaS claims automation platform for health and life insurers, built as a modular architecture comprising three integrated modules: Claims Registration (proprietary OCR and document intelligence that captures, cleans, enriches, and digitizes claims data), Fraud, Waste & Abuse Detection (AI-driven anomaly detection), and Claims Management (automated adjudication, pre-authorization, and straight-through processing). The platform is deployed within insurer ecosystems in 4-6 months and is sold on annual or multi-year subscription contracts, with pricing varying by module, claims volume, and geographic scope.
Product overview
Qantev offers an end-to-end AI-powered SaaS platform for health and life insurers, built as a modular, scalable architecture composed of three core integrated modules: Claims Registration (for OCR, document intelligence, and data acquisition), Fraud, Waste & Abuse Detection (for anomaly detection and fraud identification), and Claims Management (for end-to-end automated claims adjudication). The platform uses specialized medical AI to replicate the decision-making process of medical experts, enabling insurers to reduce claims leakage, improve loss ratios, and achieve 3-6x ROI within 12–24 months of deployment. Average deployment takes 4–6 months with modular API-driven integration into existing insurer ecosystems.
Differentiator
Problem solved
Functional benefit
Products and services
- Qantev AI Claims Platform End-to-end AI-powered SaaS platform for health and life insurers that automates claims operations, improves loss ratios, enhances data quality, and elevates customer experience. Composed of three integrated modules (Claims Registration, Fraud Waste & Abuse Detection, and Claims Management), the platform is deployed within 4-6 months and achieves 3-6x ROI within 24 months for enterprise insurance clients.
- Claims Registration AI-driven module that captures, cleans, enriches, and digitizes data from any type of claims document in any language. Uses proprietary MoustacheOCR achieving 99% accuracy for printed and 90% for handwritten text, along with document classification and table extraction. Delivers 85% efficiency gains versus manual data input for health and life insurers.
- Fraud, Waste & Abuse Detection AI-driven anomaly detection module for health insurance that identifies fraudulent, wasteful, and abusive claims using models trained on historical, local, and global industry data aggregation. Includes automated fraud case management and performance tracking, achieving a 72% fraud detection hit rate and 35% increase in Special Investigations Unit (SIU) team efficiency.
- Claims Management AI-driven end-to-end claims management module for health insurance that automates pre-authorization, medical consistency checks, coverage checks, provider contract checks, and reimbursement calculations. Enables 75% straight-through processing at 99% accuracy, supports a 20% NPS increase, and contributes to a 10% reduction in total claims costs.
Quantifiable outcome
- 3-6x ROI within 24 months of adoption
- +13 more outcomes
Companies that use Qantev
Customer profileNamed customers9 records
Segments3 records
Ideal customer profiles2 records
Qantev technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability10 records
Feature9 records
Qantev partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor, flagship and core.
- SapiensminorCEO Tarik Dadi appeared on Sapiens' Insurance 360 Podcast to discuss AI transformation of health insurance claims. Strategic partnership highlighted for building interconnected ecosystems within the insurance sector.
- INSTANDAflagshipStrategic partnership combining INSTANDA's no-code policy platform with Qantev's AI-driven claims engine. Enables insurers to launch and scale products faster with full control across the value chain. Delivers speed to market, automated accuracy with AI-powered medical coding and policy adjudication, and enhanced loss ratios through FWA detection and network optimization.
- InsureMOcoreStrategic partnership to enhance insurance connectivity and data integration. InsureMO provides insurance connectivity solutions that complement Qantev's claims automation platform.
- MazecarecoreStrategic alliance with Mazecare, an innovative digital healthcare platform. Develops a connector that integrates Qantev's AI claims automation with Mazecare's healthcare provider IT platform. Benefits include advanced claims analysis, streamlined pre-authorization, high-performance healthcare networks, and efficient data transfer between payors and providers.
- AccentureminorListed as a service partner offering consulting expertise to align solutions with client priorities and enable scalable transformations to maximize value and ease deployment.
- New替他minorListed as a technology partner for core systems and tech providers to deliver scalable joint AI solutions.
- SPNSminorListed as a technology partner for core systems and tech providers to deliver scalable joint AI solutions.
Scale indicators15 records
Recent moves9 records
Expansion highlights6 records
Qantev competitors and assessment
Company assessmentOthers
- Datavant: Datavant focuses on health data connectivity and de-identification for providers, payers, and life sciences. While not a claims-AI competitor, it operates in adjacent health-data infrastructure space that increasingly intersects with health insurance analytics and AI workflows.
Emerging players
- Cytora: Cytora applies AI to commercial insurance underwriting and claims workflows. While stronger in commercial lines, it overlaps with Qantev's enterprise AI-for-insurance playbook and competes for the same insurer AI budget.
- Indico Data: Indico Data provides AI-based unstructured document processing for insurance and other regulated industries. It overlaps with Qantev's Claims Registration / OCR / document intelligence capabilities and is increasingly competing for insurer data-acquisition spend.
- INSTANDA: INSTANDA is Qantev's strategic technology partner and a no-code policy administration platform for life and health insurers. While not a direct claims-AI competitor, it is part of an integrated go-to-market with Qantev and competes for the same insurer technology wallet.
- Hyperscience: Hyperscience is an enterprise document processing AI platform used across insurance and other regulated verticals. It competes with Qantev's OCR and document-intelligence modules as a broader horizontal alternative to specialized claims AI.
Direct peers
- FRISS: FRISS is an AI-based fraud detection and risk platform built specifically for P&C and health insurers. It targets the same insurance fraud and claims automation buyer as Qantev and competes head-to-head in RFPs for insurer fraud programs.
- Tractable: Tractable applies computer vision to insurance claims (primarily auto and property), but its AI claims processing approach overlaps with Qantev's image and document-based claims automation. Comparable customer base of large insurers and similar AI-for-claims positioning.
- Shift Technology: Shift Technology provides AI-driven fraud detection and claims automation for insurance, including health insurers. It is the most direct competitor in insurance-specific AI for claims and fraud, offering similar Fraud, Waste & Abuse capabilities to Qantev.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Qantev social profiles
Digital presenceQantev compliance and trust
Trust signalCompliance3 records
Qantev financial estimates
Financial estimateRevenue estimate
Valuation estimate
Qantev leadership team
Management profileNumber of profiles
Profiles5 records
Qantev funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Qantev M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Qantev
What does Qantev do?
Qantev provides an AI-powered, end-to-end SaaS claims automation platform for health and life insurers, built as a modular architecture comprising three integrated modules: Claims Registration (proprietary OCR and document intelligence that captures, cleans, enriches, and digitizes claims data), Fraud, Waste & Abuse Detection (AI-driven anomaly detection), and Claims Management (automated adjudication, pre-authorization, and straight-through processing). The platform is deployed within insurer ecosystems in 4-6 months and is sold on annual or multi-year subscription contracts, with pricing varying by module, claims volume, and geographic scope.
Is Qantev a public or private company?
Qantev is a private company. It is classified as venture growth investor backed and is currently operating.
When was Qantev founded?
Qantev was founded in 2019. It employs 51 to 100 people.
Where is Qantev based?
Qantev is headquartered in Paris, France, in the Europe region.
How does Qantev make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are implementation and Professional Services.
Who are Qantev's main competitors?
Datavant is listed as an others. Emerging players are Cytora, Indico Data, INSTANDA and Hyperscience. Direct peers are FRISS, Tractable and Shift Technology.
Does Qantev have an API?
No public API is recorded for Qantev.
What industry is Qantev in?
Qantev's product category is Health Insurance Claims Management Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAJ, Identity, Fraud & Insurance-Specific RegTech Platforms. Its NAICS code is 5132 and its SIC code is 7372.