Company Information

Get to know Setoo

Founded in 2017, Setoo was a pioneering InsurTech company that developed a platform for creating parametric (event-triggered) insurance products. Its mission was to make insurance simple, transparent, and customer-centric for the digital age. The company's technology allowed online businesses to easily build and integrate protection products relevant to their customers' journeys, with claims being paid out automatically and instantly upon a triggering event, removing the need for traditional claims processes. In 2021, Setoo was acquired by US-based InsurTech company Pattern to enhance its embedded insurance offerings.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Setoo

United Kingdom

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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Security Information

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This company is currently Unproved.

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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.