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Ondo InsurTech PLC

1AI:DEU

Ondo InsurTech PLC

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  • Price (EUR)0.466
  • Today's Change0.076 / 19.49%
  • Shares traded15.71k
  • 1 Year change+77.20%
  • Beta--
Data delayed at least 15 minutes, as of Nov 21 2024.
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About the company

Ondo InsurTech plc is a United Kingdom-based company, which provides claims prevention technology for home insurers. LeakBot, its InsurTech system, is proven to reduce water damage claims costs by approximately 70%. LeakBot is an end-to-end, Internet of things (IoT) escape of water claims mitigation solution that has a proven commercial model and business case for insurers. Its Thermi-Q technology detects micro leaks using temperature change. LeakBot works 24/7, monitoring its customers homes for hidden leaks and bursts. Instant alerts are sent to its customers smartphones if there is a problem. When a leak is detected, the Company arranges an approved expert plumber to find and fix it. LeakBot is an end-to-end business to business to consumer (B2B2C) system, which includes more than 80% self-installation rate, micro-leak sensitivity, device and in-home service that can be offered for free to homeowners. LeakBot's app allows its customers to receive instant alerts.

  • Revenue in GBP (TTM)2.69m
  • Net income in GBP-2.99m
  • Incorporated2021
  • Employees30.00
  • Location
    Ondo InsurTech PLC6th Floor 60 Gracechurch StreetLONDON EC3V 0HRUnited KingdomGBR
  • Websitehttps://www.ondoplc.com/
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