Sekure
Sekure is the first on-demand cloud insurance platform in LatAm that empowers insurers, brokers, and other stakeholders to design and provide digital insurance products to their customers without investing in infrastructure or involvement in endless projects.
| Date | Investors | Amount | Round |
|---|---|---|---|
$500k | Seed | ||
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Positioned within the Latin American insurtech sector, Sekure operates as an on-demand cloud insurance platform. The company was established in 2018 and is headquartered in Bogota, Colombia. The founding team consists of Rodrigo Alfonso, Javier Mauricio Pardo, Paulo Burgos, Camilo Echeverri, and Nicolas Cordero. The company's leadership structure includes Nicolás Cordero as Founder & CEO, Rodrigo Alfonso as Founder, Camilo Echeverri as Founder, Javier Pardo as Founder & CPO, and Paulo Burgos as Founder & CTO.
Sekure's business model is centered on empowering insurers, brokers, and other entities like fintechs and e-commerce platforms to create and distribute digital insurance products without needing to invest in their own infrastructure. This is achieved through a Software-as-a-Service (SaaS) platform that provides the necessary tools to manage insurance products digitally, from policy issuance to administration. The platform also offers an API for seamless integration, allowing clients to embed insurance offerings directly into their products and services, such as in e-commerce checkouts. This approach helps businesses to offer digital insurance products in a matter of weeks, potentially increasing their revenue by tapping into new customer segments.
The company's core offering is a versatile technology platform that supports various insurance products with different term lengths. It automates key processes including risk assessment, policy underwriting, and claims management. For end-users, Sekure provides an online platform to compare insurance quotes for a variety of needs, including vehicle, pet, and home insurance. The platform gathers user data and provides a selection of insurance options from various companies, enabling customers to choose a plan that fits their requirements. The company has received funding from institutional investors such as B Venture Capital, Brazil Venture Capital, and Magma Partners.
Keywords: insurtech, insurance platform, SaaS, API, digital insurance, embedded insurance, Latin America, insurance technology, policy administration, risk management, online insurance comparison, fintech, e-commerce insurance, venture capital, Bogota, Rodrigo Alfonso, Nicolas Cordero, Javier Mauricio Pardo, Paulo Burgos, Camilo Echeverri