LatAm List – Mango Life recently announced that it received a $300K angel investment from Manuel Rivero Zambrano, CEO and shareholder of Banregio. Mango Life is a Mexican insurance startup that uses technology to provide digital services.
Maik Shaefer, Mango Life’s founder and CEO, announced the investment on his LinkedIn profile and commented,
“Manuel’s investment, that now values Mango Life at 2.1M USD, reflects our shared commitment to make insurance more human, digital, and simple. We will use the capital to invest in our growth trajectory here in our home market Mexico, with our first two products that are already in the market – a term life insurance and pension savings plan.”
Mango Life also seeks to broaden its product portfolio by offering benefits to SMEs and creating a more simplified health insurance product.
Read more on this LinkedIn post.