Suretys offers Suretys PlusOne, an insurance product that enables first-time and limited-credit car buyers to purchase or lease without a cosigner by eliminating auto loan risk for lenders similar to private mortgage insurance. The product is supported by a proprietary credit risk assessment model that leverages bank data, artificial intelligence, and machine learning to qualify borrowers. Suretys completed a $2 million seed funding round in January 2021 from Victorum Capital and other investors to support a national rollout, market expansion, new product development, and team growth. The company has formed an alliance with Markel Insurtech Underwriters to underwrite Suretys PlusOne in Texas. Founded in 2018 and based in New Haven, Conn., Suretys targets first-time and younger auto buyers and positions lending institutions to earn additional non-interest income through related product sales.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2021