Modives
Modives is a Charlotte-based InsurTech company offering real-time, carrier-credentialed insurance verification and monitoring SaaS for auto dealerships, auto finance, auto rentals, and property managers through its CheckMy Driver, CheckMy Resident, and CheckMy ID products.
- Company typePrivate
- Founded2023
- HeadquartersCharlotte, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Modives does
Modives is a Charlotte-based InsurTech company founded in July 2023 by CEO Frederick Waite and a team of insurtech veterans, closing a $3 million seed round at inception. The company operates a cloud-based SaaS platform that automates real-time insurance verification and continuous monitoring for auto dealerships, auto finance companies, auto rental operators, and property managers. Its core products — CheckMy Driver (auto transactions), CheckMy Resident (renters insurance), and CheckMy ID (fraud prevention) — share a common technology stack that connects customer-credentialed insurance data directly with carriers, analyzes coverage adequacy using an AI-driven engine, and delivers actionable results in under two minutes versus 15+ minutes for manual processes. The platform also surfaces embedded insurance alternatives when coverage is inactive or inadequate, with distribution enabled through both direct enterprise sales and self-serve web access.
Modives monetizes through tiered subscription SaaS fees billed annually, API and integration licensing for partners embedding the platform into their DMS/PMS/CRM systems, and commission revenue from embedded insurance products facilitated through its wholly-owned subsidiary Modives Insurance Agency, LLC. The company distributes through a hybrid model combining self-serve web access for SMBs, direct enterprise sales for franchise dealerships and BHPH dealers, and channel partnerships with major DMS providers including DealerCenter, DealerBuilt, Auto Master Systems, and DealerClick. It has achieved SOC 2 Type II certification (October 2024) and was named to Auto Fin Journal's Emerging 8 award class of 2024. Operating geographies are limited to North America (USA).
Modives firmographics
Firmographics- Name
- Modives
- Legal name
- Modives Enterprise LLC
- Website
- https://modives.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Modives is a Charlotte-based InsurTech company offering real-time, carrier-credentialed insurance verification and monitoring SaaS for auto dealerships, auto finance, auto rentals, and property managers through its CheckMy Driver, CheckMy Resident, and CheckMy ID products.
- Ownership category
- akta.pro rank
Modives industry classification
Industry- Product category
- Insurance Verification Software
- NAICS
- Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Underwriting Automation & Income/Employment Verification (FSAGAHAD)
- akta.pro secondary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
Keywords
Where Modives is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Modives business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription Fees: Subscription-based SaaS model with tiered pricing based on service scope and usage volume. Landlord Subscription Agreement references subscription fees and automatic renewal terms.
- API/Integration Fees: Revenue from API access and integration capabilities for partners embedding the platform into their DMS, PMS, or CRM systems.
- Embedded Insurance Commissions: Modives Insurance Agency, LLC facilitates insurance products through the platform, earning commissions on policies sold when customer coverage is inadequate or inactive.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Subscription-based SaaS with tiered pricing |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
Modives product offering
Product offeringCore offering
Modives operates a cloud-based SaaS platform that performs real-time, customer-credentialed insurance verification and continuous policy monitoring for auto dealerships, auto finance, auto rentals, and property managers. The platform connects directly with insurance carriers to confirm a customer's policy is active, accurate, and adequate, replacing manual document review with an AI-driven adequacy engine. Standalone products include CheckMy Driver, CheckMy Resident, CheckMy ID, and the CheckMy API for integration into DMS, PMS, or CRM systems.
Product overview
Modives is an InsurTech company offering a platform of insurance verification and monitoring products. The core offerings are CheckMy Driver (for auto transactions) and CheckMy Resident (for property management), which share a common technology platform that verifies insurance is active, adequate, and accurate in real-time. CheckMy ID adds fraud protection through ID verification, while CheckMy API enables technical integration with dealer DMS/CRM systems. The platform also includes embedded insurance options to remediate coverage gaps, plus consumer-facing tools like Auto Quote Tracker for rate monitoring. The AI-driven adequacy engine analyzes coverage data against requirements, built on decades of insurance expertise.
Differentiator
Problem solved
Functional benefit
Brands
- CheckMy Driver: Insurance verification and monitoring solution for auto dealerships, service centers, rideshare, and auto rentals
- CheckMy Resident
- CheckMy ID
- Auto Quote Tracker
Products and services
- CheckMy Driver Real-time, customer-credentialed insurance verification and continuous monitoring platform for auto dealerships, service centers, rideshare operators, and auto rental companies. Verifies that driver insurance is active, adequate, and accurate via direct carrier connections and the patent-pending AI-driven adequacy engine, replacing 15+ minute manual processes.
- CheckMy Resident Renters insurance verification and continuous policy monitoring platform for property managers, landlords, and apartment communities. Verifies that applicant insurance meets community requirements at lease-up and alerts managers to policy changes or cancellations throughout the lease term, with embedded insurance options for non-compliant residents.
- CheckMy ID Identity verification component that detects fake IDs during auto transactions by combining ID scanning with insurance verification for comprehensive fraud protection at the point of sale.
- CheckMy API Flexible API enabling direct integration of CheckMy Driver insurance verification and monitoring capabilities into dealer DMS, PMS, or CRM systems for partners seeking embedded deployment of verification in their own platforms.
Quantifiable outcome
- 22.5% of auto transactions involve fake IDs or inactive/inadequate insurance
- +3 more outcomes
Companies that use Modives
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles3 records
Modives technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability2 records
Feature6 records
Modives partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and major.
- Auto Master Systems (AMS)coreExpanded partnership to deliver enhanced insurance verification, monitoring, and portfolio protection capabilities to Buy Here Pay Here (BHPH) dealers across North America. Solution enables digital verification at point of sale and continuous monitoring throughout account lifecycle.
- IDScan.netcoreCombined ID verification with insurance verification to expose transaction risks. Six-month results showed 22.5% of transactions involved fake IDs or inactive insurance.
- GathermajorAnti-fraud innovations partnership to help dealerships combat rising identity fraud using AI tools.
- VenncorePartnership with Venn, the intelligent resident operating system, to create first comprehensive all-digital insurance coverage solution for multifamily housing.
- DealerCentercoreEmbedded CheckMy Driver insurance verification and monitoring application into DealerCenter's Dealer Management System (DMS) for auto dealers nationwide.
- Connexion MobilitymajorPartnership to introduce identity and insurance verification into the automotive industry through combined offerings.
- DealerClickmajorIntegration bringing automated insurance verification and monitoring to DealerClick DMS platform.
- DealerBuiltcoreIntegration of CheckMy Driver insurance verification with DealerBuilt's Lightyear Enterprise Retail Cloud platform.
- TransUnioncoreCollaboration to combine insurance authentication and monitoring with tenant screening services including credit, background, eviction, and income reporting through TransUnion's TruEmpower ShareAble solution.
- BindablecorePartnership to include embedded insurance options for property management through Bindable's insurance marketplace, enabling renters to obtain coverage if their policy doesn't meet requirements.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Modives competitors and assessment
Company assessmentDirect peers
- Sure: Sure is an insurance infrastructure platform that provides APIs and embedded insurance tooling for distribution partners. It is comparable to Modives because both sell programmable insurance verification/monitoring and embedded insurance capabilities to enterprise customers via API.
- Attune: Attune is an embedded insurance platform that partners with distribution channels to offer insurance products at the point of need. Comparable to Modives because both pursue an embedded insurance distribution model via API/partner integrations and earn commissions on bound policies.
- Auto Data Direct: Auto Data Direct provides vehicle and insurance-related data services to auto dealers, lenders, and government agencies. Comparable to Modives because both serve auto dealerships with insurance verification and titling/registration data workflows.
Broad incumbents
- LexisNexis Risk Solutions: LexisNexis Risk Solutions provides insurance data, verification, and analytics to carriers and enterprise customers at scale. Comparable to Modives because both deliver insurance-related data verification and risk intelligence, though LexisNexis is a much broader incumbent with deeper carrier relationships.
- Verisk: Verisk is a leading data analytics provider to the insurance industry, offering underwriting, claims, and verification solutions. Comparable to Modives because both sit in the insurance data and underwriting automation value chain; Verisk operates at significantly greater scale across multiple insurance workflows.
- Dealertrack (Cox Automotive): Dealertrack, part of Cox Automotive, provides dealer management and F&I software including insurance verification capabilities to U.S. dealerships. Comparable to Modives because both serve dealership F&I workflows with insurance and DMV-related data, but Dealertrack operates as a much broader incumbent dealer software suite.
- MediaAlpha: MediaAlpha operates a leading marketplace connecting insurance carriers with lead generators and distributors. Comparable to Modives because both operate in insurance distribution infrastructure; MediaAlpha is a public, much larger incumbent in insurance customer acquisition while Modives is earlier-stage.
Emerging players
- Matic Insurance: Matic is an embedded insurance agency focused on home and auto insurance distributed through partners such as mortgage lenders. Comparable to Modives because both pursue an embedded insurance model with API/partner integrations, though Matic focuses on mortgage-originated auto/home while Modives focuses on auto dealership and property management transactions.
- Coverdash: Coverdash provides embedded commercial insurance to digital platforms and SMBs via API. Comparable to Modives because both offer API-first insurance infrastructure with embedded policy capabilities, though Coverdash is focused on commercial lines rather than personal auto and renters.
Others
- Bindable: Bindable operates an insurance marketplace that integrates with property management platforms to offer renters and other insurance products. Comparable to Modives because Bindable is an active partner of Modives for embedded insurance distribution and serves overlapping property management customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Modives social profiles
Digital presenceModives compliance and trust
Trust signalCompliance1 record
Modives financial estimates
Financial estimateRevenue estimate
Valuation estimate
Modives leadership team
Management profileNumber of profiles
Profiles6 records
Modives subsidiaries and ownership
Company hierarchySubsidiaries1 record
Modives funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Modives 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 Modives
What does Modives do?
Modives operates a cloud-based SaaS platform that performs real-time, customer-credentialed insurance verification and continuous policy monitoring for auto dealerships, auto finance, auto rentals, and property managers. The platform connects directly with insurance carriers to confirm a customer's policy is active, accurate, and adequate, replacing manual document review with an AI-driven adequacy engine. Standalone products include CheckMy Driver, CheckMy Resident, CheckMy ID, and the CheckMy API for integration into DMS, PMS, or CRM systems.
Is Modives a public or private company?
Modives is a private company. It is classified as venture growth investor backed and is currently operating.
When was Modives founded?
Modives was founded in 2023. It employs 11 to 50 people.
Where is Modives based?
Modives is headquartered in Charlotte, United States, in the North America region.
How does Modives make money?
Three revenue lines are on record. Subscription Fees are the primary driver. The others are API/Integration Fees and embedded Insurance Commissions.
Who are Modives's main competitors?
Direct peers on record are Sure, Attune and Auto Data Direct. Broad incumbents are LexisNexis Risk Solutions, Verisk, Dealertrack (Cox Automotive) and MediaAlpha. Emerging players are Matic Insurance and Coverdash. Bindable is listed as an others.
Does Modives have an API?
Yes. CheckMy API enables direct integration of CheckMy Driver insurance verification and monitoring into dealer DMS or CRM systems. The API delivers key insights into existing dealer tools. Developer documentation is at modives.com/integrations.
What industry is Modives in?
Modives's product category is Insurance Verification Software. Its primary akta.pro industry code is FSAGAHAD, Underwriting Automation & Income/Employment Verification, with a secondary code of FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS). Its NAICS code is 54151 and its SIC code is 7372.