Bestow processed over a million applications in its early years and reported a 3x growth in annual recurring revenue in 2024, with a 10x increase over the last two years.
Bestow is an insurtech company co-founded by Melbourne O’Banion and Jonathan Abelmann in 2017, aiming to simplify the process of obtaining life insurance through a tech-enabled platform. Initially a direct-to-consumer provider, Bestow has pivoted to offering software solutions to other life insurance companies after selling its consumer business.