# Zego > App\-based telematics insurance for gig economy drivers and commercial fleets ## At a glance | Field | Value | | --- | --- | | Type | Carrier | | Region | EMEA | | Headquarters | London, United Kingdom | | Founded | 2016 | | Employees | 201-500 | ## Overview Zego is a direct-to-consumer motor insurance carrier operating under Extracover Limited, authorised and regulated by the Financial Conduct Authority (FRN: 757871) in the United Kingdom. Founded in 2016 by Stuart Kelly, Sten Saar, and Harry Franks, the company offers flexible, app-based vehicle insurance policies targeting gig economy delivery drivers, private hire taxi operators, and commercial fleet customers across five countries. Zego was the first UK insurtech to reach unicorn status, achieving a USD 1.1B valuation in 2021. The carrier's underwriting is built on smartphone-based telematics rather than physical black-box hardware. Sensor data from iOS and Android devices -- covering speed, braking, and cornering -- feeds a behavioral analytics engine that generates individual risk profiles and dynamic pricing, moving away from demographic-based rating factors. Policies are purchased, managed, and renewed entirely through the Zego mobile app. The platform integrates via API with major gig-economy platforms including Deliveroo, Uber, Bolt, Just Eat, and Amazon Flex, enabling automated policy issuance and claims submission for drivers operating within those networks. The company achieved monthly profitability in Q4 2024, with net losses reduced from GBP 34M to GBP 4M year-over-year and a combined operating ratio of approximately 90%. Zego has written more than 40 million policies to date and serves over 500,000 drivers. In April 2026, Sompo Holdings led a USD 28M Series C extension to fund expansion into the Japanese telematics-based insurance market. Total capital raised across seven funding rounds stands at approximately USD 310M. ## Links - Website: - Directory profile: - Blog: - Careers: - Linkedin: --- *Last updated: 2026\-06\-21*