Also known as: momento
Building a full-stack auto insurer for the underserved in LatAm
Company is active
Event Year: 2022
Company is active
Event Year: 2022
Momento is navigating a complex regulatory landscape to secure its position as a fully-licensed insurance carrier. This strategic move will empower the company to directly underwrite risk, establish pricing strategies, and ultimately control its product offerings. Upon anticipated approval, projected for the summer of 2022, Momento will be well-positioned to capitalize on a substantial untapped market opportunity: an estimated $13 billion market encompassing over 30 million uninsured vehicles in Mexico alone. The company aims to address critical pain points within the market, including outdated underwriting models and payment structures that primarily cater to affluent customers. Momento has assembled a high-caliber team comprised of innovative and experienced professionals. The founding team includes two former McKinsey consultants and one former P&G executive. Furthermore, Momento has attracted seasoned veterans from the Mexican insurance sector, including the former Chief Underwriting Officer of Zurich Mexico and the former CFO and VP of Finance of ING and AXA Mexico.
Momento is navigating a complex regulatory landscape to secure its position as a fully-licensed insurance carrier. This strategic move will empower the company to directly underwrite risk, establish pricing strategies, and ultimately control its product offerings. Upon anticipated approval, projected for the summer of 2022, Momento will be well-positioned to capitalize on a substantial untapped market opportunity: an estimated $13 billion market encompassing over 30 million uninsured vehicles in Mexico alone. The company aims to address critical pain points within the market, including outdated underwriting models and payment structures that primarily cater to affluent customers. Momento has assembled a high-caliber team comprised of innovative and experienced professionals. The founding team includes two former McKinsey consultants and one former P&G executive. Furthermore, Momento has attracted seasoned veterans from the Mexican insurance sector, including the former Chief Underwriting Officer of Zurich Mexico and the former CFO and VP of Finance of ING and AXA Mexico.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2022
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2022
Fintech
Fintech
Fintech -> Insurance
Fintech -> Insurance
Team size: 18
Hiring: No
Team size: 18
Hiring: No
