“Castle made insurance something we could set and forget—replacing a patchwork of emails and spreadsheets with a single, intelligent workflow. They saved us significant money and time, which is invaluable for a fast-scaling startup like ours.”
— Leo Kulp, VP of Finance
Daloopa is a Series B fintech backed by Morgan Stanley and Touring Capital that provides AI-powered financial data for institutional investors. As Daloopa expanded its platform and onboarded leading global clients, the company faced increasing demands around risk management, regulatory compliance, and insurance coverage. With a lean team focused on product and client delivery, Daloopa needed a robust, scalable approach to insurance—one that matched their pace of innovation.
As Daloopa scaled, their leadership encountered several key challenges:
Managing Complexity: Handling the growing volume of insurance requirements for directors & officers (D&O), cyber liability, E&O, and general liability—all while expanding into new markets.
Efficiency & Focus: Avoiding the time sink of collecting documents, comparing policies, and coordinating with multiple brokers.
Compliance & Oversight: Meeting the rigorous insurance expectations of institutional investors and board members, while ensuring seamless renewals with no risk of lapses.
Cost Optimization: Securing the right balance between comprehensive coverage and cost efficiency in a rapidly evolving fintech landscape.
“Our core mission is building transformative financial technology—not getting sidetracked by insurance paperwork. We needed a solution that could keep up with our growth and protect our business.”
– Leo Kulp, VP of Finance @ Daloopa
Daloopa turned to Castle for a modern, tech-driven approach to insurance and risk management. Castle delivered:
Automated Workflows: Castle’s platform streamlined document collection, application submission, and policy renewals—minimizing manual touchpoints.
Expert Policy Review: Castle’s team negotiated on Daloopa’s behalf, ensuring optimal terms and coverage for high-exposure fintech risks.
Centralized Policy Management: All insurance documents, certificates, and deadlines were organized in a single portal, making audits and renewals seamless.
Market Intelligence: Castle provided benchmarking and data-driven insights, ensuring Daloopa’s insurance program remained both comprehensive and competitively priced.
$22K Saved: Castle’s negotiation and market expertise saved Daloopa over $20K across the last two insurance renewals.
70+ Hours Saved: Castle’s automation and expert support freed over 70 hours of Daloopa’s leadership and finance team’s time, enabling focus on strategic growth.
Stronger Risk Posture: With Castle’s support, Daloopa’s coverage met or exceeded all investor and contractual requirements—protecting the company as it scaled globally.
Peace of Mind: Daloopa’s team gained confidence knowing insurance and compliance were proactively managed by experts.
With Castle, Daloopa transformed insurance from a distraction into a competitive advantage—gaining efficiency, cost savings, and true peace of mind as they drive fintech innovation. For scaling startups, Castle is a trusted partner for optimizing insurance and risk management in a fast-moving world.
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