Flitter

Flitter

Neo-insurance company that provides pay-per-mile insurance and connected technology. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€14—21m (Dealroom.co estimates Nov 2023.)
Company register number 890340144
Neuilly-sur-Seine Île-de-France (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m1.1m
% growth-17 %
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DateInvestorsAmountRound

N/A

Support Program
*

€2.5m

Seed
*

€3.5m

Seed
Total Funding€6.0m

Recent News about Flitter

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More about Flitterinfo icon
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Flitter.fr is a French-based startup that operates in the auto insurance market. The company offers a unique pay-per-mile auto insurance model, where the cost of insurance is directly proportional to the distance driven by the insured vehicle. This model is particularly beneficial for low-mileage drivers, as it allows them to pay only for the distance they cover, potentially saving them money compared to traditional insurance plans.

Flitter's clients are primarily car owners who drive less than the average, ranging from 4,000 to 20,000 kilometers per year. The company's business model is based on a digital-first approach, with the entire process from subscription to claims management being handled online. This includes taking a photo of the car's odometer to determine the mileage and therefore the insurance cost.

In addition to its pay-per-mile model, Flitter also offers comprehensive coverage, including health and income compensation in case of an accident, coverage for damages caused to others, and indemnity in case of theft or attempted theft. The company also provides 24/7 assistance in case of an accident or breakdown, with coverage extending to 42 countries.

Flitter's revenue comes from the premiums paid by its customers. The company claims to offer a faster reimbursement process and a highly responsive customer service, responding to queries in less than two minutes.

Keywords: Pay-per-mile insurance, Auto insurance, Low-mileage drivers, Digital-first, Online claims management, Comprehensive coverage, 24/7 assistance, Responsive customer service, Fast reimbursement, Cost-effective.