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Justos raises $35.8m in Series A funding

Brazil based insurance company raised $35.8m in Series A funding led by Ribbit Capital. 

“We measure how safely people drive using the sensors on their cell phones,” Chadha told me at the time of the company’s last raise. “This allows us to offer cheaper insurance to users who drive well, thereby reducing biases that are inherent in the pricing models used by traditional insurance companies.”

Tags

brazil, emerging markets, insurtech