Stay updated with breaking news from Jorge soto moreno. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital. SoftBank’s Latin American Fund and GGV participated as new investors, in addition to existing backers Kaszek, BigBets, Nubank CEO David Velez […] ....
RIO DE JANEIRO, BRAZIL - It was while playing soccer in an amateur team in San Francisco, U.S.A., that Indian Dhaval Chadha met his future partners in insurance startup Justos, Mexican Jorge Soto Moreno and Spanish Antonio Molins. The trio, who held leadership positions in technology companies such as Classpass, Netflix, and Airbnb, decided to set their stability aside mid-last year to venture into a business in Latin America. We only knew that we wanted to develop some data-based business in the region in the finance or health sector, says Chadha. Before moving to Silicon Valley, the . . . To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here ....
Meet Justos, the new Brazilian insurtech that just got backing from the CEOs of 7 unicorns Here in the U.S. the concept of using a driver’s data to decide the cost of auto insurance premiums is not a new one. But in markets like Brazil, the idea is still considered relatively novel. A new startup called Justos claims it will be the first Brazilian insurer to use drivers’ data to reward those who drive safely by offering “fairer” prices. And now Justos has raised about $2.8 million in a seed round led by Kaszek, one of the largest and most active VC firms in Latin America. Big Bets also participated in the round, along with the CEOs of seven unicorns, including Assaf Wand, CEO and co-founder of Hippo Insurance; David Vélez, founder and CEO of Nubank; Carlos Garcia, founder and CEO of Kavak; Sergio Furio, founder and CEO of Creditas; Patrick Sigrist, founder of iFood; and Fritz Lanman, CEO of ClassPass. Senior executives from Robinhood, Stripe, Wise, Carta and C ....