Digit Insurance, named one of the Fastest-Growing Fintech Start-ups across 25 countries by CB Insights

Bengaluru, 1^st September 2020: Digit Insurance, on a mission to make insurance simple, has been named one of the Fastest-Growing Fintech Startups by CB Insights, a US based market intelligence agency. The company has won its place in recognition of its efforts in offering simplified insurance solutions and seamless customer experience enabled by technology.

Through an evidence-based approach, the CB Insights Intelligence Unit selected the Fintech 250, a list of the fastest growing 250 fintech companies, across 25 countries from a pool of 16,000 companies. The factors for selection include patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.

Mr Vivek Chaturvedi, Chief Marketing Officer, Digit Insurance, said, “We are honoured to have made to this prestigious list of CB Insights Fintech 250 Fastest-Growing Fintech Start-ups, not once but twice. We are continuously working towards reimaging products and processes in line with our mission of simplicity. And with an aim of providing continuous customer delight, we have been able to earn the trust of over 90 lakh customers and a rating of 4.9 out of 5 on Facebook, making us the highest rated insurance company on the platform. Winning this assures us we are on the right path of simplicity and that customers are believing in the power of simplicity too.”

About Digit:

Go Digit General Insurance Limited is a new-age general insurance company started by Kamesh Goyal and backed by the Fairfax Group, one of the largest financial services groups in the world. The company has raised three rounds of funding amounting to $140 million from Canadian billionaire Prem Watsa’s Fairfax Financial Holdings and $84 million from three growth equity investors— A91 Partners, Faering Capital and TVS Capital. This combined investment brings Digit’s total funding to $224 million, one of the largest funding rounds in the Indian General Insurance space. Digit has an NPS score of 87 per cent.

Headquartered in Bengaluru, Digit has collaborated with some of the leading companies like Cleartrip, SOTC, Sterling Holidays and Policy Bazaar to name a few. Digit Insurance has recently won ‘General Insurance Company of the Year 2019’ award at Asia Insurance Review Awards, Singapore. During the ongoing pandemic, Digit Insurance has been able to service several commercial and industrial establishments and secure their employees and customers through relevant health insurance solutions. It has also featured in the Top 25 Indian Startups Lists by Linkedin in 2018 and 2019 and was in CB Insights’ top 250 fastest growing fintech companies globally list in 2018. Digit is the highest rated general insurance company on Facebook with 4.9 rating from over 8000 followers (as on 9^th June 2020).