SingularCover operates as a digital insurance brokerage focused on SMEs and self-employed professionals, selling policies via agreements with established insurers. Its platform already supports online policy sales and the company plans to digitalize the entire policy lifecycle, including modifications and claims handling. The startup intends to invest in AI to better personalize insurance offers and to expand its product suite into accident, sick‑leave and life‑risk coverage. It serves about 2,200 customers across sectors such as hospitality, beauty, health and construction and works with insurers including Liberty, Allianz, Fiatc, Generali and Caser. The company reported roughly €800,000 in revenue for 2019, is on track for about €2 million in the current year and expects to reach profitability within a year. SingularCover employs more than 20 people and plans to internationalize into Latin America with tests in Colombia and Brazil and broader regional expansion thereafter. SingularCover operates an online insurance broker platform that aggregates products from major insurers (Allianz, Generali, Caser, Liberty Seguros, Fiatc) to deliver personalized policies for autónomos, shops and small businesses. The platform uses technology and contracting algorithms to compare offers and reduce bureaucracy, allowing users to see competitive prices in under 2 minutes and buy a tailored policy in about 5 minutes. The company launched operations in early 2019 and within weeks was working with nearly 100 companies across ten verticals (e.g., retail, beauty, hospitality, offices). Future plans funded by the new round include strengthening the technology for greater personalization using artificial intelligence, developing segment-specific marketing strategies, improving positioning and visibility, and hiring talent. The product also offers a monthly payment system without commissions to ease liquidity constraints for small businesses. SingularCover is registered as an insurance broker (registry key J-3645).

Total raised

$7M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2020