fbpx
Connect with us

Entrepreneurship

A Founder’s Story with The CEO of SmartFinancial, Lev Barinskiy

Ernst & Young LLP recently named CEO Lev Barinskiy of SmartFinancial as an Entrepreneur Of The Year® 2022 Pacific Southwest Award winner. An independent panel of judges selected Lev Barinskiy based on his entrepreneurial spirit, purpose, growth, and impact, among other core contributions and attributes. As a Pacific Southwest award winner, Lev Barinskiy will now be considered by the National independent panel of judges for the Entrepreneur Of The Year 2022 National Awards. 

 

With Lev at the helm, SmartFinancial has become a leading insurance marketplace that has simplified the insurance-buying experience with a transparent insurance-technology platform that pairs people with the right insurance carrier at the right price. SmartFinancial’s mission is to improve consumers’ financial well-being by empowering them to make smart insurance decisions. Last year alone, they helped over 8 million shoppers save an average of $450 on their insurance needs. 

 

With over 30 million uninsured drivers on the road, Barinskiy’s overarching mission is to make insurance affordable and accessible. SmartFinancial brings transparency and affordable options to consumers who may otherwise be uninsured or underinsured. SmartFinancial helps business partners too: Their technology platform is powering a network of 6,500+ agencies that are benefiting from their marketplace by acquiring customers more efficiently. It is all very impressive, but the story of how Lev Barinskey has gone on to become an award-winning entrepreneur starts much earlier.

 

Lev Barinskiy was only 13 when he immigrated to the United States from his native Uzbekistan with his mother and grandmother. Not only was Barinskiy thrust into a whole new world with an entirely new language, but he also had to figure out a way to provide for his family.

 

His first venture into entrepreneurship began in high school when he started selling electronics and memorabilia on eBay. He later turned it into a full-scale organization that was shipping out of his mom’s basement. As a senior in high school, Barinskiy entered the world of insurance, taking a summer job at a local agency. He got licensed at 18, but he kept questioning how the business could run better utilizing the most current technology. 

 

Barinskiy was 20 when he decided to launch his own agency, while he was a college student paying his own way. Determined to raise the funding to equip the high-tech insurance agency he always envisioned, he ran multiple businesses, including a concession stand selling hot dogs and gyros at Ohio State’s stadium. “We bought a location outside the local bar,” Barinksiy says, laughing at this very fond memory. “It was hard work but it was rewarding and a lot of fun. !”

 

Barinskiy scaled several insurance businesses with funds from his ventures. He also invested in building software to manage his leads. Ultimately, Barinskiy wanted to figure out a way to disrupt the insurance industry by helping customers find lower insurance rates while teaching them why they need it.

 

After building and having the InsuranceAgents.com technology platform acquired, Lev began laying the groundwork for what has grown into SmartFinancial, which boasts a live-transfer feature with a call center staffed by concierges all across the country. “It’s rewarding to see the team and company grow,” says Barinskiy, whose company consists of 250+ team members across 32 states and is still growing. In 2018, DeloitteTechnology Fast 500™ ranked the company #227 Fastest Growing Company in North America. In 2019, SmartFinancial ranked #464, in 2020 #249 and in 2021 SmartFinancial ranked #234.

 

When asked how his entrepreneurship promotes such a positive work culture, Lev cites the importance of finding the right people and putting them in a position to succeed. “It’s important to put people in the right role at the proper stage of growth, to solve the problems you can’t solve yourself,” he said. Barinskiy also aims to foster an open environment that is data-driven, where decisions are made on merit, not on company politics and red tape. “It’s important not to get in the way,” he says. “You must trust the employees to make smart decisions and do their job well.” 

 

Barinskiy’s vision of a positive work environment has earned SmartFinancial several awards. Certified as a Great Place to Work®, SmartFinancial has also won the Orange County Business Journal’s Best Places to Work in Orange County 2018, 2019, 2021, and 2022 as well as the 2019 and 2021 Columbus Business First’s Best Places to Work in Central Ohio. SmartFinancial has also gone on to win the Orange County Register’s Top Work Place in Orange County 2020-2022.

 

In a 2021 feature in Orange County Business Journal, it was reported that the pet-friendly company had experienced a 40% increase in employees in the past year while maintaining a fun workplace that includes cornhole, ping pong, barbecues, chili cookoff, and virtual Friday Happy Hour.

While having fun at it, Lev Barinskiy plans to continue to grow SmartFinancial and innovate by building solutions that further streamline the insurance shopping process. He also continues to find ways to deliver the best customer experience to both consumers and insurance providers. Who knows what else the future will bring! Barinskiy may even look to acquire companies that share a similar vision and could scale faster by leveraging SmartFinancial’s existing technology platform.

Our mission is to Diversify media and impact 100 million people. We highlight incredible entrepreneurs, authors, coaches, and leaders who are impacting the world. If you know someone who deserves to be highlighted email hello@ibhmedia.co

Advertisement

New Videos

Top 3 NFTs

Mindset

Most Disruptive

Recent Stories

Trending


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.