Co-Founder / CEO
Cachet
Cachet provides adaptive insurance infrastructure for the platform economy, enabling digital platforms like micromobility fleets, ride-hailing services, and gig work companies to manage risk continuously through usage-based, data-driven coverage. Its unified platform integrates policies, claims, and predictive analytics across 16 European markets, with partners including Bolt, Voi, Ryde, and Turo, and has insured nearly 2 billion minutes of mobility across more than 310,000 assets.
- Insurance Technology
- Financial Technology
- Software Only
- Data & Analytics
- Applications
- Enterprise Software
Updated 21 days ago
Funding
Raised to date
€11MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Est. $12M
Funding rounds are not available yet.
Founders
Product
Problem
Platforms in the gig economy, such as those managing micromobility fleets or car-sharing services, face challenges in securing flexible and affordable insurance coverage that accurately reflects usage and risk. Traditional insurance models are priced once a year and arranged country by country, lacking the adaptability needed for these dynamic business models where risk changes with each trip.
Solution
Cachet provides adaptive insurance solutions tailored for the platform economy, leveraging smart data and technology to offer personalized, usage-based coverage. The platform consolidates various insurance needs into a single digital wallet, simplifying the insurance process and enhancing predictability for businesses. Unlike static insurance, Cachet uses technology, analytics, and automation to manage risk continuously, predicting and preventing negative outcomes at scale. It designs cover around how people are working or how vehicles are actually used, integrates it into operators' systems, and runs policies and claims while established insurers carry the risk. The platform delivers insights into usage and risk through driver analytics and integrated claims data, enabling smarter operations and safer outcomes, with support for policy distribution, localization, reporting, and claims management all within a unified system.
Target Audience
Cachet primarily serves businesses operating within the platform economy, including micromobility fleets, gig work platforms (ride-hailing, courier, delivery), and car-sharing services, as well as individual drivers and private customers seeking flexible motor and casco insurance.
Features
- Usage-based and adaptive insurance pricing linked to live operational data, not broad population averages
- Unified digital wallet and single platform for managing policies, payments, and claims across multiple countries
- Predictive modeling and behavioral analytics for proactive risk control and loss prevention, including fleet risk hotspots
- Driver analytics and integrated claims data for real-time risk assessment and operational insights
- Coverage that activates and deactivates based on active working hours for gig platforms, with consolidated monthly billing
- Support for multiple asset types including micromobility fleets, ride-hailing vehicles, courier vehicles, and private cars, with products like ride-hailing motor insurance, courier casco, and City Rider coverage for non-motorized road users
- Mobile application for convenient policy management and paper-free claims reporting
- Licensed broker model with a technology platform that handles policy distribution, localization, and multi-country regulatory navigation across 16 European markets