Broker providing pay-as-you-go insurance for the sharing economy secures funding from Balderton Capital. Zego was founded by former Deliveroo managers and the start-up explained it would use the new funding to hire more specialists for its engineering team, as well as staff to build key business functions.
The broker was launched last year to provide insurance for drivers working for sharing economy companies, such as Deliveroo, UberEATS, Jinn and Amazon. Zego was founded by former Deliveroo managers and the start-up explained it would use the new funding to hire more specialists for its engineering team, as well as staff to build key business functions. According to the firm, it has grown from seven to 33 employees since the start of 2017 and is now set to launch a suite of insurance products for self-employed people. Products The InsurTech firm provides specialist pay-as-you-go insurance to delivery drivers using cars and scooters for food delivery and aims to deliver alternative vehicle products as well as a tracking-based product that will make it possible for safer drivers to pay less overall in 2018.
https://www.insuranceage.co.uk/broker/3186051/insurtech-futures-start-up-zego-raises-ps6m
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