Societe Generale backs Mutumutu again
According to Forbes, French insurer Societe Generale Assurances has invested around $1.3 million in Mutumutu , a Czech insurance startup that operates in the space of life insurance.
Founded in 2018 and now a team of 24, the startup operates in the Czech Republic and France with plans to enter Germany, Poland, and Italy. Its business model relies on a prevention program based on a cash-back mechanism on the insurance premium, through connection to mobile health applications. Clients are rewarded for an active and healthy lifestyle with up to 30% cashback on policy premiums.