Locafy's Sales Increase with Rapid Adoption of Localizer Product in Insurance Sector

Core Insights - Locafy Limited has launched a new AI-driven marketing platform through LoHi Digital, targeting U.S. insurance brokers, leveraging its advanced technology suite [1][2][3] Company Overview - Locafy is a global software-as-a-service technology company specializing in location-based digital marketing solutions, including AI-powered search engine optimization [1][12] - The company's flagship product, Localizer, is designed to help businesses achieve top visibility in local search results, particularly in competitive sectors like insurance, home services, and healthcare [2][4] Product Adoption and Revenue - Within the first week of adoption, 50 State Farm agencies have adopted the Localizer platform, with total participation reaching 74 agencies, generating over US$51,000 in monthly recurring revenue (MRR) [3][10] - The company anticipates that every 120 Localizer sales will add approximately US$1 million in annual recurring revenue (ARR) [6] Market Opportunity - The U.S. insurance market presents significant opportunities, with over 880,000 licensed insurance agents and brokers, including more than 19,000 State Farm agents [7] - Locafy aims to penetrate various local services industries, including healthcare and home improvement, which have millions of small businesses reliant on local visibility [7] Strategic Partnerships and Growth - Locafy has signed new partner agreements with leading agencies in the U.S. and Australia, generating initial sales for the Localizer product [8] - The company has launched an AI sales team in the U.S. targeting the roofing and home services markets, indicating a strategic expansion of its service offerings [8]