Details

Last Funding Type

Non-Equity Assistant

Last Funding Money Raised

$100K

Industries

FinTech,Insurance,InsurTech,Peer to Peer

Founded date

Mar 1, 2017

Number Of Employee

1 - 10

Operating Status

Active

In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to remedy these by doing the following:
1) Changing the business model to align incentives, show people how premiums are used and award members leftover premium back
2) Making insuring as easy as snapping a picture where AI does the rest and cover is issued in under 60 seconds
3) Allowing per-item insurance and new product innovation to address cover not currently offered or accessible to many

Pineapple launched in South Africa in 2018 with their "My Stuff" per-item insurance and have since launched their auto offering "My Ride".
They have also partnered with Travelers in the US and have white-labeled their platform in the US.