SuretyNow

Digital-first surety bond platform connecting contractors and businesses to 30+ carriers in minutes.

Distribution & Sales Growth Seed

Overview

SuretyNow is a digital distribution platform modernizing the surety bond application and underwriting process. The platform enables contractors, businesses, and brokers to apply for and quote bonds online within minutes, addressing a manual, legacy market dominated by offline processes. The company operates a surety bond brokerage model, connecting applicants to a network of 30+ licensed carriers while eliminating traditional broker fees and physical meetings.

Founded in 2022 and backed by Y Combinator (Winter 2024), SuretyNow targets the estimated USD 8 billion U.S. surety bond market. The platform streamlines what has traditionally been a 2-4 week application cycle into a same-day or next-day approval process, targeting contractors performing federal construction (requiring performance bonds), commercial service providers, and businesses needing compliance-related bonding.

The company has facilitated over USD 100 million in total bond amounts written and assisted 4,500+ companies. SuretyNow maintains a 5-star Google review rating and 4.8-star Trustpilot rating, indicating strong customer satisfaction with the streamlined application experience and competitive pricing.

Products & Services

Surety Bond Platform

SuretyNow's core platform provides an online application and quoting system for surety bonds. The two-step process streamlines bond acquisition: users select their bond type, complete encrypted forms with business information, and proceed to online payment. The platform provides same-day or next-day bond issuance with state approval. Supported Bond Types:

Key Features

Payment & Performance Bonds
Contractor License Bonds (national and state-specific, e.g., California)
Auto Dealer Bonds
Freight Broker Bonds (BMC-84)
Business Service Bonds
Janitorial Services Bonds
Bonded Titles
Maintenance Bonds
Same-day/next-day bond approvals
No broker fees (direct access to carrier network)
Access to 30+ insurance carriers for competitive rate shopping
Encrypted forms for sensitive business data
State-approved bonds
Online-only application (no in-person meetings)

Target Users: Contractors, small business owners, brokers, service providers, and any business requiring surety bonds for licensing, compliance, or contract requirements.

At a Glance

Founded: 2022
Headquarters: Austin, Texas
Employees: 1-10
Funding: Seed

Category & Focus

Category: Distribution & Sales
Subcategories: Bond marketplace digital distribution quote-to-bind automation
Insurance Verticals: Specialty/E&S
Target Customers: Contractors, service providers, small/medium businesses, brokers