South African based Insurance tech startup, Pineapple, has won first place in the US-based Ventureclash challenge. Eleven businesses pitched at a final event for a share of the prize money.
Pineapple is a peer-to-peer insurance provider that allows individuals to insure their possessions simply by snapping a picture and uploading it to the mobile application. It was founded in 2017 by Matthew Elan Smith, Ndabenhle Junior Ngulube and Marnus van Heerden
The other winners are:
- Second Place winner: Aridot (Israel) – An insurtech solution that uses artificial intelligence, machine learning and predictive analytics to help life insurance companies optimize their books of business.
- Second Place winner: Eyecontrol (Israel) – An Israeli company creating an innovative communication device for individuals who suffer from complete paralysis.
- Third Place winner: Cinchy (Canada) – A company creating a new alternative to buying and building applications that brings data collaboration to the enterprise.
- Third Place winner: Covr Financial Technologies – A company simplifying the way life insurance is sold by offering financial institutions a digital platform to sell leading insurance products in the most efficient way possible.
- Third Place winner: Motherschoice (Israel) – A company creating the next generation of personal care products scientifically proven to be healthy, safe and 100 percent natural.
- Third Place winner: Curatio (Canada) – A Canadian company building a mobile platform that matches patients to others who understand what they’re going through in a private, secure environment.
- Third Place winner: DEEP (Israel) – An Israeli company developing a platform that uses AI and practical machine learning technologies to create contextual visual storytelling elements, including semi-automated video production.
Managed by Connecticut Innovations, VentureClash is a global venture challenge that identifies early-stage companies in digital health, fintech, insurtech and the Internet of Things (IoT) to receive investments from a US$5 million investment award pool.
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