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Momento: Shifting Gears in the World of Auto Insurance

  • Momento's leaders, with McKinsey & Company and P&G experience, reshape auto insurance.
  • Recent funding secured $10.5 million, highlighting investor confidence in Momento's potential.
  • Momento's app-driven approach offers tailor-made, user-controlled auto insurance for accessibility and empowerment.

Buckle up for a New Insurance Journey

In the ever-evolving landscape of insurance, where policies often feel like a straitjacket, Momento emerges as a refreshing drive into the future. Picture it as the sleek, high-tech vehicle of the insurance world, ready to whisk you away from the mundane and into a realm of flexibility, control, and unbeatable service.

In the vast insurance highway, Momento is the game-changer, transforming the way we perceive and experience auto insurance.

Driving forces behind Momento's journey

Behind the wheel of Momento are the formidable trio—Lois Rogel Vence, León Bartolomé Carreño, and Andrés Guerrero Álvarez. These visionaries didn't just create an insurance company; they set out to redefine the entire experience.

Former associates at McKinsey & Company and an e-Business Manager at P&G, they pooled their expertise to navigate the uncharted territories of personalized, user-centric auto insurance.

Funding odyssey: Revving up the engine

The journey of Momento isn’t just metaphorical; it's backed by a substantial financial engine. The latest pit stop in this funding odyssey occurred on August 1, 2023, where Momento raised a whopping $10.5 million in a Seed round, with investors like BoxGroup and seven others fueling their tank.

It's not just about the money; it's a testament to the confidence these investors have in Momento's potential to revolutionize the auto insurance game.

The problem: A flat tire in traditional insurance

Did you know that despite car insurance being mandatory in Mexico since 2019, only 30% of car owners have it? Why this paradox? Traditional insurance, like a deflated tire, hasn't adapted to the diverse needs of drivers. Momento saw this as more than a problem; it was an opportunity to reinvent the wheel.

Momento, where you steer the wheel

Momento isn’t just another insurance company; it’s a solution. It's the pit stop where you tailor-make your insurance, pay how and when you want, and take control through a user-friendly app. In the vast desert of traditional insurance, Momento is the oasis of customization.

Why do we do it? It's more than a drive

Momento's mission is rooted in the belief that insurance should be accessible to all. It's not just about coverage; it's about protecting what you value most, allowing you to focus on life's journey while Momento takes care of the insurance roadmap.

The car video game of insurance

Imagine Momento as the protagonist in a car video game. Traditional insurance is like playing an outdated, glitchy version—limited choices, fixed paths, and frustrating controls.

Momento, on the other hand, is the upgraded version. You customize your vehicle (insurance), navigate different terrains (coverage options), and have the power to steer in real-time (control via the app).

Cruise control to the future

As we accelerate through the digital highways, it's not just about insurance with Momento; it's about empowerment, flexibility, and a service that doesn't leave you stranded on the roadside of bureaucracy. In the grand race of insurance providers, Momento isn’t just participating; it’s leading the pack, steering towards a future where auto insurance is more than a mandatory checkbox—it's a dynamic, personalized experience.

So, fasten your seatbelts, embrace the future of auto insurance with Momento, and let the journey be as thrilling as the destination. After all, it's not just about the destination; it's about enjoying the drive.

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Edited by Shruti Thapa