Azos, a São Paulo, Brazil-based digital life insurance provider, raised $10m in Series A funding.
The round was led by Prosus Ventures, with participation from Kaszek Ventures, Maya Capital and Propel.
The company intends to use the funds to improve technology, launch new products, expand brokerage options and access to education around financial protection and planning.
Founded in 2020 and led by CEO Rafael Cló, Azos is offering consumers coverage and benefit options that fit their individual needs. Additionally, the company offers policies with digital contracting in less than one business day.
The company currently has a waitlist of over 500 brokers interested in becoming distribution partners, as Azos provides a unique and valuable product for their customers.
FinSMEs
01/12/2021