PaperClip Inc.

What PaperClip Inc. does

PaperClip Inc. is a U.S.-based software company, founded in 1991 and headquartered in Hackensack, New Jersey, that builds secure content management, document exchange, and encryption-in-use platforms for highly regulated industries. Its product portfolio centers on SAFE (Searchable Encryption), a patented platform that protects data at rest, in transit, and in use using AES 256 encryption and proprietary data shredding technology, and is surrounded by VCF (Virtual Client Folder) for cloud-based content management, Internet eXpress for secure document delivery, Mojo for AI-powered data capture and transcription, SIGN for e-signatures, and Cmail for encrypted email. The company processes over 70 million documents annually across 600+ endpoints for more than 1,500 clients, with primary verticals in insurance and financial services and secondary exposure to healthcare and professional services.

The platform is monetized primarily through SaaS subscriptions, with SAFE priced on a per-record basis between $0.11 and $0.42 per record per year and other products offered as subscription-based content management and data capture services. Paperclip sells through direct enterprise field sales, inside sales, and partner-integrated API/OEM channels, and generates demand through content marketing, industry events (including NAILBA), and PR. The company is publicly traded on OTCMKTS under the ticker PCPJ, operates with approximately 27 employees distributed across 10 U.S. states, and has been bootstrapped without disclosed venture capital or private equity funding.

The company holds 4 U.S. patents and 5 international patents covering its data shredding technology, and its portfolio is explicitly positioned to meet HIPAA, GDPR, DORA, and financial-services regulatory requirements. Recent strategic activity includes partnerships with Flying Cloud (2024) and Apeiron Gate (2024) to extend SAFE into data classification and life-insurance medical summary delivery, expansion of AI-agent orchestration capabilities, and an April 2026 leadership transition that installed Ron Alexander as CEO and Amy Jeffryes as Chief Product Officer to accelerate AI-enablement growth.

Name

PaperClip Inc.

Legal name

Paperclip Inc.

Website

https://paperclip.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

11–50 employees

Short description

PaperClip Inc. is a U.S.-based software company that provides secure content management, encrypted document exchange, and AI-powered data capture for the insurance and financial services industries, serving over 1,500 clients and processing 70 million+ documents annually through its patented SAFE encryption platform.

Ownership category

akta.pro rank

Product category

Enterprise Data Security Software

NAICS

Software Publishers (513210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Prepackaged Software (7372), Services-Mailing, Reproduction, Commercial Art & Photography (7330)

akta.pro primary industry

Document Services (Copy/Print/Scan, Records Handling) (BPABAEAG)

akta.pro secondary industry

Digital Rights Management & Content Protection (DRM, watermarking) (MPAJAMAH)

Keywords

• Enterprise data security
• Secure document exchange
• Insurance workflow automation
• Encrypted content management
• AI data capture

Headquarters

HQ city

Hackensack

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Subscription (SAFE): SAFE platform offered as SaaS solution with per-record pricing ranging from $0.11-$0.42 per record per year. Includes encryption at rest, in motion, and in use along with data masking technology.
2. Content Management Solutions (VCF): Virtual Client Folder cloud-based data management service provided as subscription to insurance and financial services companies for secure document storage and exchange.
3. Data Capture Services (Mojo): AI-powered data transcription and extraction services reducing manual data entry by 80% for documentation and compliance workflows.
4. Secure Document Exchange (Internet eXpress): Document delivery and tracking platform processing over 70 million documents annually, secure communication and file exchange services.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Paperclip Inc. provides an enterprise SaaS platform for secure data exchange, content management, and AI-powered document automation targeted at insurance and financial services organizations. The portfolio centers on SAFE (always-encrypted data security), VCF (cloud-based content management), Internet eXpress (secure document exchange processing 70M+ documents annually), Mojo (AI data capture with 99.9% accuracy), SIGN (e-signature), and Cmail (encrypted email). Products are sold via annual subscriptions with per-record pricing for SAFE and direct enterprise sales engagements.

Product overview

Paperclip Inc. offers a comprehensive suite of data security and content management solutions consisting of six core and add-on products. The platform is built on SAFE (Searchable Encryption) as the security backbone, which provides always-encrypted data protection. Around SAFE, Paperclip offers VCF (Virtual Client Folder) for cloud-based content management, Internet eXpress for secure document exchange (processing 70M+ documents annually), Mojo for AI-powered data capture, SIGN for e-signatures, and Cmail for encrypted email. The portfolio serves insurance and financial services industries with solutions that automate workflows while maintaining enterprise-grade security.

Differentiator

Problem solved

Functional benefit

Brands

• VCF (Virtual Client Folder): Trusted cloud-based data management service with seamless search and drag-and-drop simplicity for document storage and exchange.
• SAFE
• Cmail
• Mojo
• SIGN
• Internet eXpress

Products and services

• SAFE (Searchable Encryption) Advanced encryption platform that protects data at rest, in transit, and in use. The only always-encrypted data security solution that enables CRUD operations and searches on fully encrypted data without decryption. Post-quantum resistant with AES 256 encryption and patented shredding technology. Designed for insurance carriers, financial institutions, healthcare providers, and professional services firms requiring secure data management and compliance.
• VCF (Virtual Client Folder) Trusted cloud-based content management service providing secure document storage with seamless search and drag-and-drop simplicity. Optimizes workflows while storing documents in their original digital format. Designed for insurance and financial services organizations requiring secure document storage and exchange.
• Internet eXpress Scalable, secure document exchange platform processing over 70 million documents annually across 600+ endpoints. Provides rapid digital document delivery with tracking capabilities. Designed for enterprises requiring high-volume secure document transmission.
• Mojo AI-powered data transcription technology that eliminates manual data entry. Uses machine learning and secure crowdsourcing to capture data with 99.9% accuracy, digitizing structured and unstructured documents. Designed for insurance and financial services documentation and compliance workflows, reducing manual data entry by 80%.
• SIGN Simplified e-signature solution that works with all file types and requires no setup. Provides secure electronic signatures combined with top-notch security standards. Designed for enterprises requiring streamlined, secure document signing workflows.
• Cmail Encrypted email solution (formerly eM4) that guarantees proof of delivery. Encrypts messages and attachments from firewall to firewall, seamlessly integrating with enterprise email clients. Designed for organizations requiring secure business-to-consumer communications with regulatory compliance.

Quantifiable outcome

• 80% reduction in manual data entry through AI-powered Mojo automation
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Apeiron GatecoreTechnology or Integration · 19 November 2024Strategic partnership to enhance secure delivery of medical summaries in the life insurance market using Paperclip's Internet eXpress platform. The service facilitates over 70 million document exchanges annually across 600 endpoints, improving security, efficiency, and user experience for medical summary delivery workflows.
• Flying CloudcoreTechnology or Integration · 1 August 2024Zero Trust Data SAFE (ZTDS) platform combines Flying Cloud's CrowsNest data discovery and classification technology with Paperclip SAFE's searchable encryption. CrowsNest automatically discovers and classifies sensitive data, which is then encrypted using Paperclip SAFE's patented shredding technology. Supports GDPR, HIPAA, and other compliance requirements.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• DocuSign: DocuSign is the dominant e-signature and agreement management platform. PaperClip's SIGN product directly competes in the e-signature category, while its broader VCF and SAFE offerings overlap with DocuSign's document management and security initiatives within enterprise insurance and financial services customers.
• Box: Box is a leading cloud content management platform serving enterprise customers. PaperClip's Virtual Client Folder (VCF) competes in the secure cloud document storage and workflow space, particularly for insurance and financial services organizations requiring compliance-grade content management.
• Egnyte: Egnyte provides secure file sharing, content collaboration, and data governance for regulated industries. Its offering closely parallels PaperClip's Internet eXpress and VCF products, particularly for financial services and insurance customers needing compliant document exchange.
• Citrix ShareFile: Citrix ShareFile is an enterprise-grade secure file sharing and document exchange platform. It directly competes with PaperClip's Internet eXpress in the secure document delivery space serving regulated industries.
• Ionic Security (Fortanix): Fortanix (which acquired Ionic Security) provides data-centric encryption and tokenization for enterprise customers. Its data-at-use encryption capabilities directly overlap with PaperClip SAFE's searchable encryption-in-use platform.
• M-Files: M-Files provides intelligent information management and document automation for regulated industries. Its metadata-driven document management and AI-powered data capture directly parallels PaperClip's VCF and Mojo products for insurance and financial services customers.
• Dropbox Business: Dropbox Business offers secure file sharing, document collaboration, and content management for enterprises. It overlaps with PaperClip's VCF and Internet eXpress offerings, particularly in document exchange workflows.

Broad incumbents

• Hyland (OnBase): Hyland's OnBase platform is a broader content services and process automation suite widely deployed in insurance. It overlaps with PaperClip's VCF, Mojo, and Internet eXpress offerings but operates at greater enterprise scale across multiple verticals.
• Iron Mountain: Iron Mountain provides document storage, secure shredding, and digital transformation services for highly regulated industries. Its InSight platform and document workflow offerings overlap with PaperClip's content management and secure exchange capabilities for insurance customers.
• Voltage Security (OpenText): OpenText (which acquired Voltage Security) provides enterprise data encryption and tokenization. Its format-preserving encryption technology overlaps with PaperClip SAFE's encryption-in-use approach for data security in regulated industries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/paperclipinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PaperClip Inc.