Kasko

insurtechsoftware/whitelabel/apis-insurtech

FOUNDING YEAR: 2015
LOCATION: United Kingdom
Last Update: 08/09/2020

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About

Kasko is a digital insurance platform for on-demand insurance products to enable insurance companies and brokers to quickly bring to market new on-demand insurance products.

MEDICI Analysis

Kasko is a digital insurance platform for on-demand insurance products to enable insurance companies and brokers to quickly bring to market new on-demand insurance products.

Focus

PRODUCTS & SERVICES

KASKO provides ‘Insurance as a Service’. Our goal is to provide the right insurance, in the right place, at the right time. We achieve this by allowing websites and apps such as online marketplaces and booking platforms to instantly offer relevant insurance services to their customers within their workflows. As a digital insurance intermediary, we bridge the gap between the digital and insurance economy. Our target verticals are digital businesses within motor, property, e-commerce/payments, services, travel and banking.

REVENUE MODEL

Mainly commission-share; but we do have some hybrid constructions now (commission-share with one-off fee and/or annual service fee)

PRIMARY PROBLEM SOLVED

A painless integration for websites and apps who are seeking to cross-sell insurance. A fast go-to-market for insurers/brokers who want to access new channels.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$100k - $499

REVENUE COMMENT:

Expected revenue for 2016

ACTIVE USERS:

8

ACTIVE USERS COMMENT:

Users are in our case businesses that offer insurance products using our platform. End of year goal of user (integrations): 15

People

FOUNDERS

Nikolaus Suehr

Matthew Wardle

BOARD MEMBERS AND ADVISORS

Rohit Agarwal

Chris Slater

Niels Quaquebeke

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Angels Den

EASME - EU Executive Agency for SMEs

Momentum

FUNDED

NO

TOTAL FUNDING

$890.59 K

DATE OF LAST FUNDING

Dec 2017

SEED & PRIOR FUNDING

$890.59 K

SEED CLOSED ON

Dec 2017

PRIZE MONEY

$100 K

LISTED

NO

Innovation Programs

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KASKO

About

Kasko is a digital insurance platform for on-demand insurance products to enable insurance companies and brokers to quickly bring to market new on-demand insurance products.

Focus

PRODUCTS & SERVICES

KASKO provides ‘Insurance as a Service’. Our goal is to provide the right insurance, in the right place, at the right time. We achieve this by allowing websites and apps such as online marketplaces and booking platforms to instantly offer relevant insurance services to their customers within their workflows. As a digital insurance intermediary, we bridge the gap between the digital and insurance economy. Our target verticals are digital businesses within motor, property, e-commerce/payments, services, travel and banking.

REVENUE MODEL

Mainly commission-share; but we do have some hybrid constructions now (commission-share with one-off fee and/or annual service fee)

TOP PROBLEM SOLVED

A painless integration for websites and apps who are seeking to cross-sell insurance. A fast go-to-market for insurers/brokers who want to access new channels.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Platform, although being developed/optimized every day, is up and running. Several different insurance products from different verticals are sold on a daily basis on various partner sites. Adding more functionalities and products every week.

KEY DIFFERENTIATORS

- Speed (of integration, of go-to-market) - Flexibility (product agnostic, multiple integration methods) - ease of integration

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

AutoScout24 : Distribution partner

Barmenia : Insurer and distribution partner

Bavaria Direkt : Insurer

Carzada : Distribution partner

Knip : Distribution partner

Traction

ANNUAL REVENUE:

$100k - $499

REVENUE COMMENT:

Expected revenue for 2016

ACTIVE USERS/ACCOUNTS:

8 Million

ACTIVE USERS COMMENT:

Users are in our case businesses that offer insurance products using our platform. End of year goal of user (integrations): 15

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Focussing on more integrations with new clients, as wel as expanding product suite with current partners

CHANNEL STATUS

INITIAL CLIENTS

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

KASKO combines insurance expertise, with superb technical capabilities, talented sales,efficient operations. Everyone in KASKO is an expert in his/her field.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
May 2016
GBP450 K
at a GBP1.8 Mvaluation
Comment on Seed
Recently closed funding round. Looking to raise series A early '17

Comment on Valuation

Initial round 1.8mm. Bridge round (additional 150k) valuation 5mm with discount on convertible notes