Datafolio provides usage-based insurance solutions for mobility platforms, allowing users to opt-in for personal accident coverage and assistance services. This approach transforms insurance from a cost into a revenue-generating opportunity for businesses while enhancing user safety and affordability.
Funding
$8.7M raised to dateRaised 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.
Founders
Product
Problem
Mobility platforms often lack integrated insurance options, leaving users vulnerable to financial risks associated with accidents or injuries during trips. Traditional insurance models can be expensive and inflexible, failing to cater to the specific needs of short-term or infrequent mobility users. This gap exposes both users and platforms to potential liabilities and reduces the overall appeal of mobility services.
Solution
Datafolio provides usage-based insurance solutions that integrate directly into mobility platforms, offering personal accident coverage and assistance services to users on a per-trip or per-use basis. This opt-in approach allows users to access affordable and transparent insurance options tailored to their specific needs, enhancing their sense of security and promoting responsible behavior. By embedding insurance into the platform, Datafolio transforms a potential cost center into a revenue-generating opportunity for mobility providers, enabling them to earn commissions on each covered trip while improving user safety and satisfaction. The solution offers a seamless digital experience, allowing users to easily manage their coverage within the existing mobility app.
Target Audience
Datafolio primarily targets mobility platforms, including micro-mobility (scooters, bikes) and macro-mobility (car rentals, car sharing) companies, seeking to offer integrated insurance solutions to their users.
Features
- Opt-in usage-based insurance model for various mobility types (e.g., scooters, car rentals, carpooling)
- Integration with mobility platforms via API for seamless user enrollment and coverage activation
- Per-trip or per-use coverage options with transparent pricing
- Personal accident coverage and assistance services in case of accidents or injuries
- Commission-based revenue sharing for mobility platforms
- Digital contract management within the mobility app
- Partnerships with globally recognized insurance companies for premium coverage