Metromile is a US-based auto insurance technology company that focuses on usage-based insurance. The company utilizes a pay-per-mile (pay-as-you-go) system, tracking customer’s actual driven miles, via Onboard Diagnostic devices, and calculates premiums accordingly. In addition, Metromile developed an AI-driven claims system to improve the quality and efficiency of the claims experience for customers. At present, Metromile has acquired insurance licenses from all US states and is operating its auto insurance business in 8 of them.
MFS Africa is Africa’s largest digital payments hub. The company is currently focused on expanding the use of its solution and range of its customers by connecting mobile money platforms, money transfer organizations, banks, e-commerce platforms, and other financial institutions. As of March 2021, MFS Africa covers over 37 countries in Africa and has connected over 320 million users and was designated by “Fast Company” as one of the Most Innovative Companies in Africa.