Neat builds embedded affinity insurance products that partner retailers sell to their customers, taking a full-stack role as a managing general agent. The company creates rates, products and policies in-house using its compliance and actuarial teams while outsourcing risk to insurers and reinsurers. Neat emphasizes a broad, multi-vertical approach (about 10 verticals) to mutualize risk and capture synergies across use cases such as smartphone, travel and hearing-aid insurance. It works with retailers and distributors so partners earn commissions without handling insurance complexity directly. Customers and partners include Floa, Pierre et Vacances, Afflelou and Krys. Neat currently works with 1,500 distribution partners and those partners have sold over 1 million insurance products. Neat offers an embedded insurance solution that combines state-of-the-art technology with human integrations to enable retailers to provide tailored insurance products to customers. The platform is designed so merchants can focus on selling while Neat handles coverage and customer interactions. Founded in May 2022 by Fabien Cazes and Maximilien Dauzet and based in Paris, the company has already attracted over 100 customers, including Floa Bank, Casino, Maeva, and Ecox. Neat intends to use its new funding to expand internationally and grow its headcount. The business positions itself at the intersection of tech and human service to deliver efficient coverage for client customers. The article does not disclose revenue figures.

Total raised

$65M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Sep 2024