Bengaluru: Digit Insurance, on a mission to make insurance simple, has been named one of the Fastest-Growing Fintech Startups by CB Insights, a US based market intelligence agency. The company has won its place in recognition of its efforts in offering simplified insurance solutions and seamless customer experience enabled by technology.
Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250, a list of the fastest growing 250 fintech companies, across 25 countries from a pool of 16,000 companies. The factors for selection include patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Mr Vivek Chaturvedi, Chief Marketing Officer, Digit Insurance, said, “We are honoured to have made to this prestigious list of CB Insights Fintech 250 Fastest-Growing Fintech Start-ups, not once but twice. We are continuously working towards reimaging products and processes in line with our mission of simplicity. And with an aim of providing continuous customer delight, we have been able to earn the trust of over 90 lakh customers and a rating of 4.9 out of 5 on Facebook, making us the highest rated insurance company on the platform. Winning this assures us we are on the right path of simplicity and that customers are believing in the power of simplicity too.”