Sayata Extends A Round To $52 Million To Make Business Insurance More Accessible
Sayata's proprietary technology automates the time-consuming process of finding and securing business insurance. Brokers are freed from the manual tasks of hunting for quotes, shuffling applications, and the lengthy back and forth with insurance providers to finalize coverage. Now, brokers input just a few pieces of information and in seconds the software platform delivers multiple insurance quotes tailored to the client's needs. Once a quote is chosen, brokers complete the process entirely on the platform, securing coverage in a fraction of the time, allowing them to put their efforts towards deepening current customer relationships and expanding their client base.
The Sayata platform launched nearly two years ago offering a way for brokers to seamlessly find and secure cyber insurance for SMBs. The automated platform proved successful in locking down coverage for SMBs regardless of market conditions; whether it's a "soft market" where insurance is easy to find and relatively inexpensive, or today's "hard market" where cyber premiums are rising and coverage is more difficult to find due to the prevalence of ransomware.
The company will use the funds to accelerate the addition of new business insurance lines fulfilling the promise that brokers will always be able to quickly and easily find any business coverage for their SMB clients regardless of market conditions.
"It's rewarding to know that Sayata is helping brokers efficiently find relevant, cost-effective coverage options for their SMB clients. Their success is reflected in the more than 10X growth we've experienced in 2021," said
"Asaf and Sayata's team have been leading the company's staggering growth since launching their solution less than two years ago while making 2021 a breakout year," said
About Sayata
Sayata delivers rapid growth to insurance brokers and carriers that focus on small-to-medium businesses. The Sayata platform streamlines the quote-bind-issue process allowing insurance professionals to seamlessly place more insurance policies in a fraction of the time. Sayata provides an end-to-end technological solution along with educational tools, giving our partners the ability to grow their book quickly and efficiently.
About Pitango Growth
Pitango Growth is a tight and fast-moving team specializing in helping disruptive companies scale from startups into global players. With three decades of supporting Israeli founders, the team connects companies with their unique network of strategic global partners, as well as knowledge and benchmarks, that are required to fuel structured growth spurt in a constantly evolving tech world. In the past 5 years alone, Pitango Growth has helped 7 of its portfolio companies become unicorns and go Public on the capital markets, among them:
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