The business-to-business tech platform enables brands to offer energy, broadband or mobile comparisons on their website via its software-as-a-service technology.will go toward Cimet’s product development pipeline, fast tracking its expansion into more verticals, including credit cards, buy now pay later products, home loans, car loans, personal loans, life insurance, health insurance and pet insurance.
“Receiving such a significant investment from a household brand like iSelect after only three and half years of being in operation is a huge milestone for Cimet as it marks a key turning point for the company,” founder and CEO Ankit Jain said. The start-up, which was founded in 2018, has 30 white-label customers and 50,000 people each month use its software to compare energy and broadband plans.
Brands it compares includes the likes of Powershop, Alinta Energy, EnergyAustralia, AGL, Tango Energy, Red Energy, Lumo Energy and Momentum Energy.is an award-winning journalist who writes on technology and healthcare from our Melbourne newsroom.