Portabl, the insurtech startup designed for freelance, gig and self-employed workers around the world, has been picked by the Plug and Play innovation platform to join its Insurtech Batch of innovative companies.
The accelerator identifies high-potential startups and supports their growth and success through introductions to mentors, potential business partners and investors.
Portabl is designed to provide a new wave of insurance, benefits and savings products for the fast-growing number of freelance, gig and self-employed workers around the world.
As well as working status, Portabl takes into account individual’s’ life stage; their family situation and their industry sector to provide the best portfolio of portable insurance and financial services, plus a wide range of benefits to enhance their personal and working lives, all for an easy-to-manage monthly fee.
Mike Minett, Founder and CEO, Portabl, says: “Joining Plug and Play’s Insurtech Batch is an incredible opportunity to accelerate our launch plans. Millions of freelance, gig and self-employed workers are being left uninsured and unprotected because they don’t have access to the flexible, affordable range of services they need and deserve.
“We’re building a new, global community of people who relish the freedom and variety that the new working world offers, but who don’t want to have their health or wealth compromised by leaving behind the financial and benefits support systems of the traditional corporate world.
“Portabl is going to tap into the massive pool of talented men and women who are consulting, self-employed, freelance or gig economy workers who need insurance and benefits that are fit for purpose for this new world of work.”
Plug and Play selects the most innovative startups through a rigorous process where short-listed companies are invited to pitch to over 75 corporate partners. These partners then vote on which startups they believe should join the program. 35 companies were selected for this sixth Insurtech batch. Throughout the three-month program, startups connect to Plug and Play’s global ecosystem, collaborating with corporate partners and attending deal flow sessions, networking events, business development matchmaking and mentor sessions.