FinTech Magazine April 2019 | Page 68

TOP 10
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BIMA

Headquartered in Stockholm , Sweden , BIMA has proved to be a leading insurtech player , reaching around 26mn customers across 14 countries . The business hopes to promote financial inclusion by offering insurance and mobile health services for low-income families . In fact , BIMA says that 75 % of its customers are accessing insurance for the first time and 93 % live on less than
US $ 10 per day . Ranked 10th in the Post Insurtech 100 ranking , BIMA has raised $ 110mn in capital so far . Allianz ’ s digital-focused investment arm , Allianz X , invested $ 96mn in the startup in 2017 .
APRIL 2019