Oxford, United Kingdom
Setoo, founded in 2017, positions itself as a key player in the Insurtech ecosystem. The company offers a parametric insurance-as-a-service platform tailored for e-businesses, empowering them to enhance revenue through personalized insurance solutions. With these offerings, Setoo facilitates automated compensation for consumers, eliminating the need for traditional claims processes.
As a regulated Managing General Agent (MGA) under both the FCA in the UK and the ACPR in the EU, Setoo ensures compliance and reliability in its financial services. The startup is headquartered in the United Kingdom and operates at the intersection of Financial Services, Fintech, and Insurance.
Recently, Setoo secured a €8 million Series A funding round led by Kamet, part of AXA's Insurtech startup studio, marking a strategic milestone in its growth journey. This capital infusion is expected to bolster Setoo's expansion and innovation capacity, making it an attractive investment opportunity in the burgeoning insurtech domain.
