Rainvow
FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 19/01/2021
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About
You love to walk to work, but when it rains you have to take an uber and rainvow reimburses you, automatically.
MEDICI Analysis
Rainvow is an implementation of the Smart Vow Protocol that acts as an authoritative system for the validation of coverage policy condition associated with transportation extra costs in rainy days. It is designed to serve the majority of community members (club). It also builds the actuarial model, acts as Vower and maintains an application that serves as a reputable oracle by integrating with The Weather API and the Uber API.
Focus
PRODUCTS & SERVICES
smart contract platform for parametric insurance .
REVENUE MODEL
Creation of a tradable digital asset
PRIMARY PROBLEM SOLVED
Lack of trust in parametric and micro-insurance using a claim automated system. Distribution of index insurance and micro-insurance by generating new participants via Solvency Proofs . Innovation via an open competitive market for underwriters
INTELLECTUAL PROPERTY
Patent(s) NOT_FILED
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
2
TOTAL FUNDING
$25.00
DATE OF LAST FUNDING
Sep 2016
IPO STATUS
Private
FUNDING SERIES
SERIES A · $25.00 · Sep 2016
LISTED
NO
company provided insights
Web Traffic
MONTHLY VISITS
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VISIT DURATION
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PAGE VIEWS VISIT
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BOUNCE RATE
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BOUNCE RATE GROWTH
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GLOBAL TRAFFIC RANK
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MONTHLY RANK CHANGE
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Rainvow
About
You love to walk to work, but when it rains you have to take an uber and rainvow reimburses you, automatically.
Focus
PRODUCTS & SERVICES
smart contract platform for parametric insurance .
REVENUE MODEL
Creation of a tradable digital asset
TOP PROBLEM SOLVED
Lack of trust in parametric and micro-insurance using a claim automated system. Distribution of index insurance and micro-insurance by generating new participants via Solvency Proofs . Innovation via an open competitive market for underwriters
PRODUCT DEVELOPMENT STAGE
MVP
PRODUCT DEVELOPMENT COMMENT
initial theory can be found here: http://rainvow.org/paper.pdf
KEY DIFFERENTIATORS
smart contract platform using a digital asset for defensibility to incentivize participation of different actors in a cooperative model.
PRIMARY CUSTOMER TYPE
Enterprise - Others
Consumer
Traction
LIVE USERS/TRANSACTIONS:
No live users/transaction yet
CHANNEL STATUS
NO SALES YET
People
TEAM COMMENT:
weather insurance targeting consumers. Shows the power of new data available to generate revenue streams for Insurers.
Momentum
FUNDED
YES
FUNDING COMPLETED
NO
LISTED
NO
FUNDING SERIES
Series A
Sep 2016
USD25.00
at a USD1 Mvaluation
Comment on Series A
Accelerator focused on Blockchain
boostVC