14. DEMOCRANCE

Forbes Middle East - - MIDDLE EAST FINTECH 20 -

In­sur­ance mar­ket­place for the un­der­served Founders: Michele Grosso Al­berto Perez and Damian Dim­mich Fund­ing: $1.3 mil­lion In­vestors: Jab­bar In­ter­net Group, Eos Ven­ture Part­ners, Turn8, F-Hori­zon Group, Seed­stars, IFAD

Coun­try: U.A.E. Date of es­tab­lish­ment: 2015

Democrance is a dig­i­tal plat­form that brings to­gether in­sur­ance, re­mit­tance houses and tele­coms com­pa­nies. Its main con­cept is to de­moc­ra­tize in­sur­ance for all, es­pe­cially in un­der­served com­mu­ni­ties.

In Jan­uary 2019, it part­nered with the Amer­i­can In­ter­na­tional Group, AIG MEA, to help dig­i­tize its op­er­a­tions in the U.A.E., Kuwait, Egypt, Le­banon, Bahrain, Jor­dan and Oman.

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