LA Weekly · Jun 2024
Long-form feature on Jay Xiao and SuretyNow's same-day surety-bond service, automation, and customer-service focus.
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
SuretyNow is an Austin-based, YC W24 surety-bond broker/insurtech that helps contractors and small businesses get online quotes and buy surety bonds from multiple carriers in minutes. Public sources indicate it was founded in 2022, has a small team (roughly 8 people), and has raised at least $950k across an angel round and a 2024 pre-seed round, though some databases only count the $500k 2024 round.
Primary product
Online surety bond brokerage platform
Founded
2022
Headquarters
Austin, Texas, United States
Team size
1-10
Industry
Insurance Agencies and Brokerages
Sub-industry
Surety bond brokerage / insurtech
Offices
0 jobs at SuretyNow
Check back later for new openings
Business model
Investors
Mission-driven, technology-heavy, and customer-service-oriented; the company emphasizes speed, affordability, excellent service, and availability beyond normal business hours.
Compensation
A public Insurance Sales Representative posting advertised $80k OTE ($50k base + $30k bonus), no insurance license requirement, and company-paid licensing/training in the first week.
Benefits
Pricing
Quote-based surety-bond premiums sourced from multiple carriers; pricing varies by bond type, carrier, project size, and applicant risk, with some bonds quoted as a percentage of project value.
Differentiators
Technology
Customers
Competitors
Estimated revenue
~$440K-$600K estimated annual revenue / ARR (public estimates, 2024-2025)
Estimated monthly visits
5.8K
Traffic estimate as of Jun 2026
LA Weekly · Jun 2024
Long-form feature on Jay Xiao and SuretyNow's same-day surety-bond service, automation, and customer-service focus.
Digital Journal · Jun 2024
Profile of Jay Xiao and SuretyNow; says the company raised $450k in an angel round and is aiming to simplify surety bonds for small businesses.
Startup Intros · Apr 2024
Reports a $500k round announced in April 2024 and lists Y Combinator as the investor; other sources classify the same financing as pre-seed.
Marketers Media · Sep 2023
Launch announcement describing SuretyNow as an Austin-based online surety-bond broker with instant approval and lower rates than traditional competitors.