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Momento

Active · Building a full-stack auto insurer for the underserved in LatAm

11signal of 100 · rising 3
  • team of 18Team size · YC's directory+6.6
  • went through YCProgram · this site+4

A sum of public facts, not a judgement and not investment advice.

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About Momento

In Momento we are going through a challenging regulatory process to become a fully-licensed insurance carrier. By doing so, we will be able to underwrite risk, set prices and, ultimately, become owners of the product. Once approved, around summer 22, we will be in a great position to size the $13bn untapped opportunity of +30 Mn uninsured vehicles – just in Mexico! As we will be able to attack the main pain points in the market: i) antiquated underwriting models and ii) payment conditions only adapted for the affluent. To succeed, we have assembled an elite team with both innovative and experienced profiles. We are three cofounders, two ex-McKinsey and one ex-P&G, and we managed to attract two heavyweights of the Mexican insurance industry: the previous CUO of Zurich Mexico and the previous CFO and VP of Finance of ING and AXA Mexico.

YC batch
W22 · Winter 2022
Status, per YC
Active
Category
AI
Team size
18
Location
Mexico City, CDMX, Mexico
Checked
9h ago

YC tags: Fintech, Machine Learning, Consumer, Insurance

Momento in W22: 398 companies, 45% AI

Momento: questions

Which YC batch was Momento in?

Momento was in Y Combinator's Winter 2022 batch (W22).

Is Momento still active?

Y Combinator lists Momento as active.

Where is Momento based?

Momento lists Mexico City, CDMX, Mexico as its location on YC's directory.