Omocom
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2023 |
---|---|---|---|---|
Revenues | <1m | 2.6m | 3.1m | 2.5m |
% growth | - | 478 % | 19 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | SEK10.5m | Angel | |
* | €3.7m | Seed | |
* | N/A | Early VC | |
Total Funding | €4.9m |
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EditOmocom is a digital insurance company specializing in providing tailored insurance solutions for rentals and second-hand purchases. The company serves a diverse range of clients, including individuals and businesses engaged in renting or buying second-hand items. Operating primarily in the European market, Omocom leverages data-driven products to reduce risk, increase sales, and offer a world-class customer experience. The business model revolves around integrating their insurance products with various platforms through an API, making it seamless for users to insure their transactions. Omocom generates revenue by offering compulsory group insurance for rentals, ensuring that all transactions through partnered platforms are automatically insured. This approach not only protects the assets but also covers gaps left by ordinary insurance policies. The company’s insurance products cover cars, interiors, and equipment against damage, theft, or loss across Europe. Omocom's headquarters are located in Stockholm, with additional offices in Frankfurt and Lisbon, and the team comprises over 25 professionals from 12 different nationalities.
Keywords: digital insurance, rentals, second-hand purchases, data-driven, risk management, customer experience, API integration, compulsory group insurance, European market, asset protection.