Stonestep is a new property and casualty insurtech startup led by founder and CEO Brandon Mathews. Its "Microinsurance as a Service" platform enables mobile network operators, retailers and other corporations to offer risk products alongside their usual offerings. The platform aims to promote brand loyalty and generate additional revenues for business partners. Stonestep secured $4M in Series A funding from XL Innovate. As part of the round, Sarah Street, a director at XL Innovate, will join Stonestep’s board of directors. The company intends to use the funds to establish a presence in Asia, beginning in Myanmar, and to access the global skills and insurance capacity of XL Catlin.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Dec 2016