zego team.png

Zego

w: zego.com

t: @zegocover

CEO: Harry Franks

Founders: Harry Franks, Sten Saar, Stuart Kelly

Founded: 2016

Sectors: Insurance

Total Funding: $9.7M

Latest Funding: $6M Series A

Lead investor: Balderton

HQ: UK, London

London-based Zego set out to re-invent commercial insurance for self-employed people, with a focus on contractors working in the gig economy. Its first product is pay-as-you-go scooter and car insurance.

Unlike traditional insurance, which can be expensive as a proportion of income for drivers who may only work part time, Zego charges by the hour, with drivers only buying cover for when they are logged in to the various on-demand food ordering services they contract for. The services offers cover from just £0.55 per hour and clients include Deliveroo and UberEats.