Zego raises £1M to give gig-economy drivers a pay-as-you-go word platform

The gig economy, as we know, is large and only removing bigger. But companies like Uber and Deliveroo have a outrageous problem and it’s called insurance. How do we protection all these workers and how do a workers cover themselves in a gig economy? Step in Zego.

This London startup has only lifted only over £1 million in seed appropriation from investors, including LocalGlobe, with FTSE 100 association Aviva, for a product directed during smoothness drivers who use their cars, .

Zego is an “insurtech” association – an word product distributed by a tech platform/app. The app manages all a customer’s mandate from sales, remuneration management, and a backend processes, and afterwards links all that information to a insurance/capacity providers. In this box Aviva, initially. The backend height also automates many of a attorney processes, shortening a losses and additional costs between a insured and a ability provider.

The platforms also timestamps accurately when a drivers are working/not working, links that to a insurer, and so ensures that a drivers have suitable word coverage for a work that they are doing. It is literally compensate as we go insurance.

While Cuvva is a identical product, Zego says it is not a aspirant since that is for convenience use and this is for smoothness purposes, that is a some-more firmly regulated market.

Fees for a scooter process start from 65p an hour adult to £25 a week, while insuring a automobile can cost as small as £1 an hour. To date, Zego has created 400,000 hours of cover for drivers.

Zego’s founders are Harry Franks who worked during a comparison turn during Deliveroo and before that oppulance let business onefinestay; Sten Saar worked for onefinestay and after grown operations during Deliveroo; and Stuart Kelly was lead developer during Mainframe and afterwards conduct of engineering during start-up Hubble.

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Posted by on Jul 19 2017. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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