Ensuro
Ensuro is a decentralized capital provider for Insurtech companies
Business Model:
Revenue: $0
Employees: 1-10
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Detailed Ensuro Information
Geographic Data
Address:
City: Singapore
State: Central Region
Zip:
Country: Singapore
Financial Info
Stage:
pre seed
Raised Last:
$230k
Raised Total:$230k
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0Website Monthly Traffic
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Description
Ensuro collects money from differentliquidity providers, both retail andinstitutional - under the form of cryptographic stablecoins (i.e., USDC, USDT, BUSD) - in a liquidity pool governed by smart contracts. This capital provides underwriting capacity for MGAs operating in the parametric insurance space.The capital collected in the Liquidity Pool is reinvested into Decentralized Finance Protocols such as Aave (Aave.com) and Compound (Compound.finance). Those protocols have high liquidity, so Ensuro can redeem immediately the funds, and low risk since the loans on the platform are overcollateralized. The returns on investment on AAVE and Compound varies from 2 to 8%, this allow Ensuro to provide a more competitive capacity to MGAs compared to traditional reinsurance companies and give additional returns to the LPs.
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| Announced Date | Company | Transaction | Money Raised |
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| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2021 | Pre Seed Round | 2 | $230k |
Chinaccelerator SOSV Chinaccelerator SOSV |
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Employee Departments
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