Setoo

Setoo Limited, founded in 2018 and based in Kidlington, United Kingdom, specializes in developing software for personalized insurance products. The company empowers e-businesses to create and distribute tailored insurance solutions through its parametric insurance-as-a-service platform. This innovative approach allows businesses to address specific consumer concerns and generate automatic compensation without the need for traditional claims processes. Setoo operates as a Managing General Agent (MGA) and is regulated by the FCA in the UK and ACPR in the EU. The company recently secured €8 million in a Series A funding round led by Kamet, AXA's Insurtech startup studio, to further enhance its offerings and support its growth in the market.