Stere

Stere is a fintech startup that aims to revolutionize the insurance distribution industry. Founded in 2021 and headquartered in the United States, Stere has recently secured a $5.00M Seed Round investment on 26 September 2022 from notable investors including InsurTech Fund, Vida Capital, and Farmington Capital Partners. Stere's digital platform is designed to empower insurers by providing the technological foundation to adapt and thrive in the fast-evolving market. The platform enables seamless integration of insurers' existing APIs or the development of Underwriting APIs equipped with various features, such as rate, quote, bind, policy issuance, data enrichment, KYC/KYB, and billing capabilities. This "API-as-a-Service" model simplifies and streamlines the connection between businesses and insurers, fostering new opportunities for market engagement and innovation. Moreover, Stere Platform not only accelerates the underwriting process, from data enrichment to policy issuance, but also enhances the user experience for end-customers, brokers, and agents by creating user-friendly digital journeys that require minimal to no-human intervention. The platform's scalability positions insurers to reduce expense ratios, while adding agility, speed, and growth opportunities for both insurers and distribution partners. With operations in North America, Latin America, and Asia Pacific, Stere is committed to leveraging advanced technology to transform insurance interactions. The company's dedication to developing advanced, user-friendly solutions solidifies its position as a strategic partner for businesses navigating the future of insurance with confidence.