DigiSure
Global leader in marketplace trust, safety and insurance for mobility providing on-demand insurance solutions for the Sharing Economy.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
$13.1m | Seed | ||
| Total Funding | 000k | ||
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DigiSure operates as a Protection-as-a-Service platform, offering a suite of tools for companies to build and manage their own insurance programs. Founded in 2018, the company targets businesses in the shared economy sectors, including mobility, short-term rentals, and the gig economy. The founding team consists of Mike Shim, Paul Ciolino, and Alex Almraz. Shim, the CEO, brings a background in mobility and insurance, having previously worked at Lyft, where he managed the company's insurance products. This experience directly informs DigiSure's focus on providing embedded insurance solutions for modern platforms.
The company's business model is centered around its integrated services that allow partners to embed insurance offerings directly into their user experiences. DigiSure generates revenue through this B2B model, providing the necessary infrastructure for risk screening, insurance program management, and claims handling. This enables clients to reduce instances of fraud, automate risk assessment, and enhance customer conversion rates. By managing their insurance programs through DigiSure, businesses can optimize pricing and differentiate themselves in competitive markets.
DigiSure's core offering is a comprehensive platform that handles the complexities of insurance for dynamic, high-volume marketplaces. It provides features for real-time risk screening and underwriting, allowing platforms to approve users more quickly. The service also includes efficient claims processing designed to improve customer satisfaction and maintain operational continuity. The platform is backed by a team with expertise across insurance, engineering, and data science, and has secured funding from investors including Xplorer Capital, Morado Ventures, and Valor Equity Partners.
Keywords: Protection-as-a-Service, embedded insurance, insurtech, shared mobility insurance, gig economy insurance, short-term rental insurance, risk management platform, claims automation, insurance program management, usage-based insurance, mobility startups, proptech, trust and safety, digital insurance, Mike Shim, B2B insurtech, risk screening, underwriting automation, claims processing, marketplace insurance