Clupp (Founding)
Funding Details
Awarder
YCombinator
Date Award
January 5, 2022
Vertical
Fintech,Insurance
Company Info
Founding Year
2022
Market
Fintech
Location
Mexico City, CDMX, Mexico; Remote
Coinvestors
YCombinator
Company Description

We offer up to 40% lower premium by focusing on the population which are either low mileage drivers or have good driving habits, representing a $7B market. Insurance penetration in LatAm is extremely low (30% for cars & 10% for motorcycles). This is because there is not an appropriate product for most vehicles (price, payment options, and distribution channels, etc.). We developed the tech to identify and offer affordable insurance for any vehicle (cars, motorcycles, bikes, scooters) based on mileage and driving habits. Then we added gamification, payment options for the unbanked population, and more.