Top of the InsureTech pile is Zenefits, valued at a hefty $4.5bn and at number 5 in the Fintech hit parade, most of Insurance disruption is in the Distribution part to date
About a week ago, as I was going through my daily routine of catching up on news stories and shifting through numerous blog posts, I was drawn to the article by Jim Bruene on Finovate entitled FinTech Unicorn List: 36 companies + 34 closing in. In the article, Bruene lists the 36 companies founded since year 2000 that break through the $1bn valuation mark that elevates them to A-list celebrity status (the list actually sets the valuation at $900m to qualify as a Unicorn, but lets not split hairs!). The article also lists the next wave of challengers coming through to join this illustrious club. Bruene names this group of 34 contenders as the “semi-unicorns” based on having a valuation of $500m and above.