Insurtech startup Setoo closes $9.3M Series A from Kamet, AXA’s accelerator

Given all the scams of the last few years, consumers are increasingly unwilling to spend money on what they see as irrelevant insurance products. That means many business have lost out on revenue.
Setoo is a UK startup which solves this problem, by helping online businesses to build and integrate simple insurance products tailor-made to the customer and automatically embedded into the customer journey.
Today Setoo announces it has closed an €8million ($9.3 million) Series A funding round, bringing the total amount raised to date to €10.3million ($12 million). The main investor in this and the seed round is Kamet, AXA’s ‘Insurtech’ startup studio.

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