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Paperclip

Document automation and data security software for insurance and financial services enterprises

Document Management Established Public
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Overview

Paperclip is a document management and data security software company serving enterprise clients in insurance and financial services. Founded in 1991 and headquartered in Hackensack, New Jersey, the company specializes in secure document handling, workflow automation, and encryption-in-use for regulated industries. Nine of the top ten U.S. life insurers are clients, and the company processes more than 70 million documents annually across 600+ endpoints.

The company offers six products covering distinct aspects of document and data workflows: a cloud-based document management system (VCF), an AI-powered document transcription platform (Mojo), a high-volume secure document exchange network (Internet eXpress), a searchable encryption-in-use solution (SAFE), an e-signature tool (SIGN), and an encrypted email service (C-mail). Products integrate with major insurance platforms including iPipeline, AgencyBloc, SmartOffice, and Salesforce, with both cloud and hybrid deployment options.

With more than 1,500 enterprise clients and 35 years in operation, Paperclip is among the longer-tenured technology vendors in the U.S. life and annuity market. The company is publicly traded on the OTC market under the ticker PCPJ and has received recognition from CIOReview and Insurance CIO Outlook for its insurance-specific technology solutions.

Products & Services

Virtual Client Folder (VCF)

Cloud-based document management system for enterprise document storage and retrieval, with advanced search and drag-and-drop functionality.

Key Features

  • Advanced document search and retrieval
  • Cloud-based multi-user access
  • Drag-and-drop document organization

Target Users: Insurance carriers, agencies, and brokers managing large volumes of client documents

Mojo

AI-powered document transcription and automation platform for digitizing application workflows and reducing manual data entry.

Key Features

  • Reduces manual data entry by up to 80%
  • ML-powered transcription at 99.9% accuracy
  • Scales for large-volume batch document processing

Target Users: Carriers and agencies processing high volumes of paper applications and forms

Internet eXpress

High-volume document exchange infrastructure for transmitting files securely across enterprise endpoints.

Key Features

  • Processes 70+ million documents annually
  • Connects 600+ endpoints
  • Secure transmission for enterprise document distribution

Target Users: Life and annuity carriers requiring large-scale document exchange infrastructure

SAFE (Searchable Encryption)

Encryption platform that protects data while in active use, not only at rest or in transit, with searchability preserved.

Key Features

  • Encryption-in-use with retained searchability
  • Compliance support for regulated industries
  • Enterprise-grade protection for sensitive records

Target Users: Carriers and financial services firms with strict data security and compliance requirements

SIGN

Electronic signature solution for contract and document signing, designed for straightforward deployment with no complex configuration.

Key Features

  • No setup or complex configuration required
  • Streamlined signing workflows for enterprise contracts
  • Integrates with existing document management systems

Target Users: Insurance carriers and agencies requiring legally binding digital signatures

C-mail

Encrypted email platform providing end-to-end message protection and proof-of-delivery tracking.

Key Features

  • End-to-end encryption for business email
  • Delivery confirmation and audit trail
  • Secure correspondence for confidential client data

Target Users: Insurance and financial services firms handling sensitive client communications

At a Glance

Founded
1991
Headquarters
Hackensack, New Jersey
Employees
201-500
Funding
Public

Category & Focus

Category
Document Management
Subcategories
Document Automation Data Security E-Signature Workflow Automation
Insurance Verticals
Life & Annuity
Target Customers
Carriers, Agents/Agencies, Brokers

Customers

  • John Hancock Insurance
  • Legal & General
  • Nationwide Mutual Insurance
  • American National Insurance
  • Global Atlantic Financial
  • Pinney Insurance
  • Lion Street Inc.

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Last updated: 2026-07-30