Lemonade Insurance Company

Description

Lemonade Insurance Company is a licensed insurance carrier, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics.  By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything.  And as a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil. 

Overview
Type:
Funding Status:
Foundation year:
Location:
Number of employees:
Founders: Daniel Schreiber, Shai Wininger
Website: http://www.lemonade.com/
Target geographic market:

Awards:

About Product/Service
Products
Core product offerings for individual/retail customers
Differentiating features of product
Core product for bussiness customers
A free current account switch service
 
Sales channels
Product cost
Openning a current account (business and personal)
Monthly fees
Issuing physical card and delivery
Money transfers/payments
Currency exchanges
ATM withdrawals
Overdrafts
Other
Minimum USD deposit required to open (a) a personal account (b) a business account
(a) a personal account
(b) a business account
A free current account switch service

Key people

Funding rounds

Last Funding Date
Last Funding Amount
Last Funding Type
Total Funding Amount
Number of Funding Rounds

Financials

Customer/Products segments
Key product offering
Major shareholders
Banking license
Type of customers
Number of customers
Estimated revenue
Number of investors
Number of lead investors
Names of lead investors
M&A

Tech stack

The technologies that underpin a platform (FX, identity, infrastructure, security, payments gateways, business systems, APIs, etc.)
Is your banking platform fully developed internally or customized from a third party platform?
Do you have an in-house or outsourced development team?
Number of in-house technology employees
Number of outsourced technology employees
What are the technology headcount projections?
Please name all third party technologies you integrated from KYC to Accountanting tools like Xero, etc.

Competitors

Founding Date Type Tags
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Monese

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2013 Private fintech, challenger banks
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Fenergo

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2009 Private Fenergo
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PayPal

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Onfido

2012 Private Onfido
x
Gemalto

Gemalto is an international digital security...

2006 Private Gemalto

Reviews