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Mi Compa

Mexico
Market: Insurance, Financial services, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 13.09.2021
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Idea

Mi Compa is insurance for the unbanked. Powered by social media based Chatbot (with ML & NLP algorithms) we aim to become the most intelligent chatbot in Latam while helping millions to get covered.

Current Status

Over +2000 active customer and +4000 policies sold. We are growing 50% monthly on written premiums.

Problem or Opportunity

70% of the cars in Mexico doesn't have auto insurance.

Solution (product or service)

A Machine Learning & Natural Language Processing engine based on social media to sell auto insurance in a simple way (no complex terms), covering any car (no matter the year) and accepting cash as a form of payment (and can be paid even by week).

Business model

We earn a commission of 10-20% of the written premium (issued policies)

Incubation/Acceleration programs accomplishment

Hatch Startups / Incubator & Acceleration program
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