Sostengo, a San Salvador, El Salvador-based insurtech company, raised $3.8M in Seed funding.
PeopleFund made the investment.
The company intends to use the funds to expand operations and development efforts.
Led by CEO Estuardo Escobar and CFO Daniel Butz, Sostengo introduced a self-serving auto insurance platform, which has enabled individuals, 70% of its current customer base, to secure their first safety and protection through their smartphones. Through the app, users can quote, customize, purchase insurance, report incidents, receive assistance from human agents in emergencies, and complete the payment process — all within minutes.
FinSMEs
07/03/2024