Spott
Insurance for eCommerce Businesses
Company Overview
Snapshot
Founded in January 2021 by Guy Salame, Amit Batzir, and Roma Bronstein, Spott operated with 1–10 employees. The company raised $8.3M across one funding round from two investors. In August 2023, Spott was acquired by Payoneer Global.
Business overview
Spott is a data-powered insurance platform designed to protect eCommerce businesses from financial losses. The company develops dynamic insurance products, including liability insurance, suspension coverage, and stockout protection, to make merchants resilient by offering one-click coverage. Spott operates within the Fintech & Insurtech sector, serving online retailers and the broader eCommerce market.
Strategic signal
In August 2023, Spott was acquired by Payoneer Global, a move that expands Payoneer's data capabilities. This acquisition signals a strategic validation of Spott's data-driven approach to insurance for eCommerce and indicates a consolidation trend in the fintech and insurtech sectors, where larger payment platforms are integrating specialized insurance solutions to offer more comprehensive services to their merchant base.
Log in to access full profile ›Company Intelligence Q&A
- What is Spott's primary business?
- Spott is a data-powered insurance platform focused on providing dynamic insurance products for eCommerce businesses, including liability, suspension, and stockout coverage.
- When was Spott founded and by whom?
- Spott was founded in January 2021 by Guy Salame, Amit Batzir, and Roma Bronstein.
- What was a significant corporate milestone for Spott?
- In August 2023, Spott was acquired by Payoneer Global, leading to its current inactive status.
- What is Spott's primary sector?
- Spott operates within the Fintech & Insurtech sector.
- Who are the founders of Spott?
- Spott was founded by Guy Salame, Amit Batzir, and Roma Bronstein.