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Founded Year



Series C | Alive

Total Raised




Last Raised

$150M | 9 mos ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Zego

Zego provides pay-as-you-go insurance for drivers and riders working for sharing economy companies including Deliveroo, UberEATS, Jinn and Amazon who only pay, via an app or top up card, for cover for the hours they work.

Zego Headquarter Location

5th floor, FORA Shoreditch 21-33 Great Eastern St, Hackney

London, England, EC2A 3EJ,

United Kingdom

+44 20 3308 9800

Latest Zego News

The gig economy is broken — but this founder thinks she has the fix

Nov 8, 2021

8 November 2021 Improving the lives of workers in the gig economy isn’t just political — it’s also becoming a hot topic for startups. The latest example is London-based newcomer Jove, an insurtech which has just closed a £600k pre-seed from Fuel Ventures and the heads of Octopus Group Ventures. Serial angel Chris Adelsbach and Evelyn Bourke, ex-CEO of Bupa, also joined the round. Jove is building a bundle of “fit for purpose” insurance products for drivers, freelancers and consultants. It will offer everything from liability to motor to health coverage on a project-by-project basis, embedded automatically into the courier apps or partner talent marketplaces like a SaaS product. It joins a wave of European fintechs targeting the gig economy , feeding off soaring numbers of freelancers fuelled by the pandemic. Early winners include Zego — which gives tailored motor insurance to drivers and is now worth over $1bn — and Collective Benefits, which sells employee perks for gig workers. This isn’t the first rodeo for Jove founder Lizhen (Amanda) Cai. Having begun her career in investment banking at Deutsche Bank, she later became an entrepreneur, building a matching platform for contractors which eventually sold to Airswfit, a billion-dollar recruitment firm. But that business was just the warm-up, she tells Sifted. “It was an ok exit, but I want to bring Jove way beyond the next level,” Cai says. She adds that her first venture highlighted the gaps that exist in that freelancer industry: “We worked with lots of sharing economy workers…and we found that the majority of the insurance space is not fit for purpose. They need a lot more flexibility, they typically work on a project-by-project or shift-by-shift. There’s very limited live, data-pricing happening in the insurance space. The distribution channel is [also] broken,” Cai adds. Jove is set to launch in January with two business partners already signed. The company says it has built an embedded module that plugs directly into talent marketplaces and fintech apps, so that coverage is automatic. The company will begin by offering motor insurance, before moving into liability (or business) coverage and health. Founder Lizhen Cai Jove will be playing in an increasingly competitive space. But Cai says that existing models still have very specific focuses, or are failing to find the right audiences. “I thought everyone would know Zego, but none of the [drivers we researched] know Zego. The majority of the taxi-hailing companies have an annual policy,” says Cai. Instead of individual pricing, Jove wants to offer an embedded solution that allows corporations to have insurance automatically applied. “We want to offer a master policy to the likes of Bolt,” she explains. That ensures drivers are enrolled from the get-go and priced by the exact minute without any additional documentation. “One of our main USPs is to detect under-insured drivers and workers instantly and ensure full compliance for companies,” Cai says. Jove may also help with the shortage of drivers currently seen in major cities, by allowing them an easy and cheap onboarding experience. It currently costs around £3,000 per year for Uber drivers to get rider insurance, which can deter those wanting to work part time. A slide taken from Jove’s recent pitch deck, explaining how they compare to the competition   As a fully integrated solution, Jove hopes to build up a rich database so it can price accordingly. The company also hopes to work with e-scooter rental firms like Voi to offer them “by the minute” insurance. It eventually hopes to cover everyone from freelance IT consultants to journalists. It will also morph into a B2B2C model — first targeting corporations, before allowing existing customers to buy add-ons. Here come the women Jove is part of a new wave of women-led insurtechs. Other women in the European insurtech space include: Sofie Quidenus-Wahlforss from omni:us

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Expert Collections containing Zego

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Zego is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.


Unicorns- Billion Dollar Startups

906 items


Gig Economy Value Chain

155 items

Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry



1,786 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience


2018 Fintech 250

500 items

250 of the top fintech companies transforming financial services



4,558 items

Track and capture company information and workflow.

Zego Web Traffic

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Page Views per Million (PVPM)
Reach per Million (RPM)
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