Financial Solutions Lab bridging the gap between expenses and income
A new snapshot report from Financial Solutions Lab summarizing trends among their 298 applicants reveals information prospective and actual alt-fi players would be wise to consider.
The Financial Solutions Lab is a five-year program managed by the Center for Financial Services Innovation with a $30-million grant from JP Morgan Chase. Its goal is to identify, test and bring to scale-promising innovations to help Americans increase savings, improve credit and build assets.
Financial Solutions Lab’s Ryan Falvey
Financial Solutions Lab Director Ryan Falvey said they focus on solutions to problems which affect the financial health of many Americans. One is the mismatch between income and expenses.
U.S. Insurtech Sigo Raises $1.5 Million Through Seed Funding Round
Sigo, a U.S.-based insurtech that specializes in car insurance, announced on Tuesday it raised $1.5 million through its latest Seed funding round, which saw participation from Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS.
Founded in 2019, Sigo describes itself as an inclusive auto insurance provider focused on the $20 billion emerging standard auto insurance market.
“Sigo provides affordable access via its direct-to-consumer platform that is tech-enabled, bilingual, and mobile-first. By helping customers with limited insurance histories get basic auto insurance, Sigo is better serving this segment of drivers by providing transparent and reliable coverage.”
Sigo’s executive leadership team (from left to right): Ivan Arambula (VP of Engineering); Randel Bennett (VP of Insurance); Néstor Hugo Solari (CEO); Júlio Erdos (COO)
Sigo, a Jersey City, NJ-based managing general agency providing underserved populations with access to auto insurance, raised $1.5M in seed funding.
Backers included Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS.
The company intends to use the funds to continue to expand operations and the business reach of its auto insurance product for immigrant and Latinx customers.
Founded in 2019 by Latino entrepreneurs Néstor Hugo Solari and Júlio Erdos, Sigo is an inclusive auto insurance provider working via its direct-to-consumer platform that is tech-enabled, bilingual, and mobile-first.
Agency Start-up Sigo Serving Latinx, Immigrant Drivers Raises $1 5M insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.