Silicon Valley Accelerator Plug and Play innovation programme has announced that it has selected Portabl for its sixth ‘Insurtech Batch’ of innovative companies.
Plug and Play invites shortlisted companies to pitch to over 75 corporate partners who then vote on the startups they believe should join the programme. Portabl is an insurtech startup 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. Its selection as one of the new Insurtech Batch highlights the high potential that Plug and Play sees in it, as well as assuring that Plug and Play supports its growth and success by introducing the company to mentors, potential business partners and investors.
Mike Minett, Founder and CEO of 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.”
Minett explained that Portabl plans to ‘tap into the massive pool of talented [workers]’ that need insurance and benefits that are ‘fit for purpose for this new world of work’. “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,” he added.
Portabl was one of 35 companies selected for the sixth Insurtech Batch, and throughout the three-month programme, the businesses will all 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.