FinTech of the Day

Kin Insurance – Physics-driven AI for insurance claims

Dmitry Prostov

13 Sep 2025 — 1 min read

Insurance for homes on the edge.

Kin Insurance is a direct‑to-consumer home insurance provider using data to price policies in states where legacy insurers pull back.

On September 8, it raised an oversubscribed $50M Series E at a $2B pre‑money valuation and secured a $200M debt facility.

With over $600M of in‑force premiums and more than $100B in insured property value, Kin serves customers in 13 U.S. states, covering over 50 % of its addressable market.

The company has been profitable since 2023 and continues to grow rapidly. Founder & CEO Sean Harper says Kin’s proprietary data and direct model let it offer affordable coverage where climate‑driven disasters make insurance scarce.

Investors in the round include QED Investors and Activate Capital. Kin makes money via premiums and invests heavily in underwriting tech and claims automation.

Will tech finally fix high‑risk home insurance?

#fintech #startup #businessmodel #fintechoftheday #insurtech #climate #homeinsurance #Kin

Lucas Ward

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