Butter Insurance

Financial Services, Insurance, InsurTech, Personal Finance

Author

Peniel Keme Kitoko
April 27, 2024 • Estimated Reading Time: 3 minutes

🌎🌍🌏| Oceania Saturday

Insurance for The Stuff You Actually Care About.

  Problem

  • Market Potential: Insurance accessibility challenges persist in the financial market.

  • Challenge: Young consumers and renters struggle to access tailored insurance.

  • Lacking Tool: Limited options for flexible, subscription-style insurance policies at checkout.

    • Extra Barriers: Retailers hesitant to offer insurance due to operational complexities.

This issue's Startup democratizes insurance, offering tailored policies for tech and travel.

  Solution

Butter Insurance

Butter Insurance offers subscription-style insurance at checkout for tech and travel.

How: Butter simplifies insurance processes with a single web app interface.

  • Platform: Users can manage policies, track claims, and update payments from one place.

  • Target: Targeting young people and renters seeking accessible insurance solutions.

  • Resolving: Overcoming barriers to insurance access through flexible, easy-to-understand policies.

Product Demonstration

  Company Info

  • Industry: Financial Services, Insurance, InsurTech, Personal Finance

  • Business Model: Subscription-style online insurance

  • HQ: Sydney, New South Wales, Australia

  • Founding Year: 2022

  • Employee Count: 14

  • Investors: Startmate, Flying Fox Ventures, Quokka Capital, FB10x adVentures

  • Funding Amount: $1.3 Million

  Traction

  •   Launching direct-to-consumer offering for electronics insurance

  •   First to integrate insurance within Australia's payment systems

  •   Strategic partnership with Australian Payments Plus for seamless payments

  Competition Advantages

  • Simplified insurance processes with a single web app

  • Tailored subscription-style policies for tech and travel

  • Embedded insurance solutions within payment systems

  Founders

  • Steph Skevington, Co-Founder (Former Lawyer)

  • Cassie Bell, Co-Founder (Former Lawyer)

  Job Opportunities & Contact

  • Hiring Status: N/A

  • Contact Information:

    • https://www.butterinsurance.com.au/

    • https://au.linkedin.com/company/butter-insurance

    • https://www.instagram.com/butterinsurance/

  Why Invest by George

❝

Ooh-ooh-ahh-ahh, Butter Insurance makes being covered easy and smooth like banana butter for young monkeys!

🐵

- George Capuchinski -

  Voices From Our Community (By George: Coming Soon 🍌)

Enjoyed this edition? Leave a comment, reply, or share on social media for a chance to be featured in our next edition!

Cheers,

Peniel Keme Kitoko

Catalyzer X

Is your Startup perfect for one of our next editions?
Are we the perfect partner to invest, work or advertise with?
Contact us at ‘[email protected]’!