Company Information

Get to know Root

Founded in 2015 by Alex Timm and Dan Manges, Root, Inc. is a licensed insurance carrier that aims to modernize the insurance industry. The company's core business revolves around a mobile-first approach, utilizing telematics data gathered from a smartphone app to price insurance policies, primarily for auto insurance. Root's mission is to offer fairer insurance rates by basing them on actual driving habits rather than just traditional demographic factors. The company went public with an IPO in October 2020 and is traded on the NASDAQ stock exchange under the ticker "ROOT".

Industry

Financial InsurancePRIMARY
Technology Software Development

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Root

United States

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.