CyberSettle
CyberSettle is a US-based GenAI-powered SaaS platform that uses a patented double-blind process to help insurance, healthcare, and legal counterparties negotiate and settle financial transactions, monetized via subscriptions and litigation financing.
- Company typePrivate
- Founded2023
- HeadquartersOld Greenwich, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What CyberSettle does
CyberSettle is a privately held US fintech that operates a GenAI-powered SaaS platform enabling two parties to negotiate and settle financial transactions through a patented double-blind process in which neither party sees the other party's offer or demand across three rounds of confidential submissions. The company serves six industry verticals — insurance (property & casualty claims), healthcare (patient receivables), law firms (settlements and litigation financing), auto wholesale, real estate, and recommerce — with industry-specific landing pages and product modules such as Cybersettle for Insurance and Cybersettle for Healthcare.
The platform combines the double-blind negotiation architecture with AI-augmented interactions intended to accelerate settlement outcomes, and is delivered through a mix of direct enterprise sales, a self-serve Stripe-powered subscription ($9.99/month for individuals, $99/month for healthcare providers), and a strategic channel partnership with MedQuest that provides access to 150,000 legal professionals. Revenue is generated from monthly SaaS subscriptions and from professional services — specifically pre-settlement and post-settlement litigation financing — through its wholly-owned subsidiary Cybersettle Financial Services LLC and its SettlementPay offering.
The company is small (1-10 employees) and founder-led, with Vinodh Swaminathan appointed President & CEO in October 2023, founder Charlie Brofman serving as Chairman, and Chubb veteran Gary Willoughby on the Advisory Board. It is headquartered in Nokomis, Florida, and operates only in the United States; no institutional investors are disclosed, and the most recent reported funding activity was a $20,950 round in April 2014.
CyberSettle firmographics
Firmographics- Name
- CyberSettle
- Legal name
- Cybersettle, Inc.
- Website
- https://cybersettle.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- CyberSettle is a US-based GenAI-powered SaaS platform that uses a patented double-blind process to help insurance, healthcare, and legal counterparties negotiate and settle financial transactions, monetized via subscriptions and litigation financing.
- Ownership category
- akta.pro rank
CyberSettle industry classification
Industry- Product category
- Financial Negotiation & Settlement Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Software Publishers (5132)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
- akta.pro secondary industry
- DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)
Keywords
Where CyberSettle is headquartered
LocationHeadquarters
- HQ city
- Old Greenwich
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
CyberSettle business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- SaaS Platform Subscription: Monthly subscription fees for access to the Cybersettle platform for financial negotiation and settlement. Healthcare providers pay tiered monthly rates ($9.99/month for individual patients, $99/month for provider plans) with no long-term contracts.
- Litigation Financing Services: Pre-settlement and post-settlement financing services for attorneys and law firms offered through Cybersettle Financial Services LLC, a wholly owned subsidiary. Provides funding to legal professionals throughout the case lifecycle.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Individual Patient Plan - $9.99/month |
| Subscription | Monthly | Healthcare Provider Plan - $99/month |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
CyberSettle product offering
Product offeringCore offering
CyberSettle operates a GenAI-powered SaaS platform that enables two parties to negotiate and settle financial transactions through a patented double-blind process, ensuring neither party sees the other party's offer or demands. The platform serves insurance claims, healthcare patient receivables, legal settlements, and other commercial negotiations, with industry-specific modules and a wholly owned subsidiary providing pre-settlement and post-settlement litigation financing.
Product overview
Cybersettle is a unified GenAI-powered SaaS platform for financial negotiation and settlement, with the core Cybersettle Platform at its center. The platform is offered across multiple industry verticals through specialized modules including Cybersettle for Healthcare (enabling providers to resolve patient receivables) and Cybersettle for Insurance (enabling insurers to settle claims). A wholly owned subsidiary, Cybersettle Financial Services, extends the platform with litigation financing capabilities including the SettlementPaySM service for pre-settlement and post-settlement financing for law firms. The portfolio is unified by a patented double-blind negotiation process and shared GenAI technology.
Differentiator
Problem solved
Functional benefit
Products and services
- Cybersettle Platform A GenAI-powered SaaS platform that provides a secure, confidential, and AI-enriched environment for two parties to efficiently negotiate and settle financial transactions. Uses a patented double-blind negotiation process that ensures neither party sees the other party's offer or demands across multiple rounds of submission.
- Cybersettle for Healthcare An industry-specific solution enabling healthcare providers to resolve outstanding patient receivables confidentially and efficiently. Revenue cycle management teams offer patients with aged receivables the ability to negotiate and settle overdue medical bills directly through a patient-friendly digital experience integrated into existing RCM processes.
- Cybersettle for Insurance An industry-specific solution enabling property and casualty insurers to settle claims efficiently and confidentially. The platform facilitates secure double-blind negotiations between insurers and claimants, eliminating extensive back-and-forth dialogue to settle claims faster with lower costs and improved claims professional productivity.
- Cybersettle Financial Services (Litigation Financing) A wholly owned subsidiary of Cybersettle Holdings Inc. providing pre-settlement and post-settlement litigation financing services for attorneys and law firms, including the SettlementPay offering distributed through MedQuest's network of 150,000 legal professionals.
Quantifiable outcome
- Reduces settlement costs by eliminating 10% of final settlement costs tied to negotiation
- +2 more outcomes
Companies that use CyberSettle
Customer profileSegments6 records
Ideal customer profiles4 records
CyberSettle technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature3 records
CyberSettle partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MedQuestcoreMedQuest, a comprehensive medical-legal consulting firm connecting attorneys with medical experts, has partnered strategically with Cybersettle Financial Services LLC to provide pre-settlement and post-settlement financing for legal professionals. MedQuest serves a network of 150,000 legal professionals globally. Cybersettle Financial Services will become a partner to MedQuest through its SettlementPaySM service. Additionally, MedQuest's attorney network will gain access to the Cybersettle SaaS platform for digital settlement negotiations.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
CyberSettle competitors and assessment
Company assessmentBroad incumbents
- Waystar: Waystar provides cloud-based healthcare revenue cycle management software covering claims management, patient payments, and denial resolution. It is a broad incumbent that addresses adjacent workflows to Cybersettle for Healthcare.
- Guidewire Software: Guidewire is a core insurance platform vendor offering claims, underwriting, and billing software to P&C insurers. Its claims management suite is a foundational incumbent that insurers rely on for settlement workflows where Cybersettle is positioning as a complementary or alternative layer.
- CCC Intelligent Solutions: CCC Intelligent Solutions provides software and AI for the P&C insurance ecosystem, including auto claims management, casualty, and total loss workflows. It is a well-established incumbent in the same claims settlement space where Cybersettle for Insurance competes.
- Epiq: Epiq provides legal and settlement administration services, including class action administration, mass tort, and financial settlement distribution. It overlaps with Cybersettle's legal and litigation settlement use cases as a broader incumbent services provider.
- Burford Capital: Burford Capital is the largest publicly traded litigation finance firm, providing pre-settlement and post-settlement financing to law firms and claimants. It is a broad incumbent in the litigation financing business that Cybersettle Financial Services is entering.
- Snapsheet: Snapsheet provides claims automation and appraisal technology for property and casualty insurers, streamlining the settlement process for auto and property claims. It is a broader incumbent in the P&C claims negotiation workflow that Cybersettle for Insurance targets.
Direct peers
- Smartsettle: Smartsettle builds online blind-negotiation and dispute resolution technology for resolving financial matters between parties. It is the closest direct competitor to Cybersettle's patented double-blind negotiation process and targets overlapping use cases such as receivables, insurance, and legal settlement.
- Collectly: Collectly is a patient billing and engagement platform that helps healthcare providers collect outstanding balances through digital outreach, payment plans, and settlement workflows. It directly competes with Cybersettle for Healthcare in the patient-receivables resolution use case.
- Cedar: Cedar offers a patient engagement and billing platform that personalizes the medical billing and payment experience, including resolution of aged receivables. It overlaps directly with Cybersettle for Healthcare on the revenue cycle management integration story.
Emerging players
- HealthPay24: HealthPay24 is a patient payment and billing platform for healthcare providers that supports payment plans, propensity-to-pay scoring, and self-service settlement. It is an emerging player competing in the same healthcare patient receivables resolution category as Cybersettle for Healthcare.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
CyberSettle social profiles
Digital presenceCyberSettle financial estimates
Financial estimateRevenue estimate
Valuation estimate
CyberSettle leadership team
Management profileNumber of profiles
Profiles3 records
CyberSettle subsidiaries and ownership
Company hierarchySubsidiaries1 record
CyberSettle funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CyberSettle 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 CyberSettle
What does CyberSettle do?
CyberSettle operates a GenAI-powered SaaS platform that enables two parties to negotiate and settle financial transactions through a patented double-blind process, ensuring neither party sees the other party's offer or demands. The platform serves insurance claims, healthcare patient receivables, legal settlements, and other commercial negotiations, with industry-specific modules and a wholly owned subsidiary providing pre-settlement and post-settlement litigation financing.
Is CyberSettle a public or private company?
CyberSettle is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CyberSettle founded?
CyberSettle was founded in 2023. It employs 1 to 10 people.
Where is CyberSettle based?
CyberSettle is headquartered in Old Greenwich, United States, in the North America region.
How does CyberSettle make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are litigation Financing Services.
Who are CyberSettle's main competitors?
Broad incumbents on record are Waystar, Guidewire Software, CCC Intelligent Solutions, Epiq, Burford Capital and Snapsheet. Direct peers are Smartsettle, Collectly and Cedar. HealthPay24 is listed as an emerging player.
Does CyberSettle have an API?
No public API is recorded for CyberSettle.
What industry is CyberSettle in?
CyberSettle's product category is Financial Negotiation & Settlement Software. Its primary akta.pro industry code is FSAFANAO, Digital Asset/Crypto Trade Execution Platforms, with a secondary code of FSAPAEAD, DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading). Its NAICS code is 522320 and its SIC code is 6200.