Insurtech startup Square Insurance raises $1 million in funding from Recur Club

Square Insurance, an insurtech startup that provides insurance to businesses, has raised $1 million in funding from Recur Club.

The funding round was led by Recur Club, a venture capital firm that invests in insurtech startups. Other investors in the round include angel investors such as Rajesh Sawhney, Founder of Tracxn; and Alok Mittal, Founder of Indifi.

Square Insurance was founded in 2022 by Ankur Aggarwal and Akash Sharma. The company’s platform provides insurance to businesses in a few minutes, without the need for paperwork or human intervention.

The platform uses a variety of technologies, including artificial intelligence and machine learning, to assess the risk of businesses and provide them with the right insurance coverage.

Square Insurance’s seed funding will be used to expand its team, develop new features, and grow its customer base. The company is targeting businesses of all sizes, from startups to large enterprises.

The funding round is a significant milestone for Square Insurance. It validates the company’s technology and demonstrates the potential of its insurtech platform. Square Insurance is well-positioned to capitalize on the growing demand for insurance solutions.

Here are some of the benefits of using Square Insurance’s platform:

  • Get insurance in minutes: Square Insurance can help you get insurance in minutes, without the need for paperwork or human intervention.
  • Get the right coverage: Square Insurance uses AI and ML to assess your risk and provide you with the right coverage.
  • Save money: Square Insurance can help you save money on insurance by comparing quotes from multiple insurers.
  • Easy to use: Square Insurance’s platform is easy to use and navigate.

Square Insurance is a promising insurtech startup that has the potential to revolutionize the way businesses get insurance. The company has a strong team with a proven track record, and its platform has the potential to help businesses of all sizes to save money and get the right coverage.