Details

Last Funding Type

Seed

Last Funding Money Raised

$6M

Industries

Cryptocurrency,Insurance,Trading Platform

Founded date

Mar 14, 2019

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

Nayms Limited

Nayms is an insurance marketplace, utilising smart contracts to code the rules of how insurance can be placed, traded, claimed and settled. Brokers place these digital contracts of insurance between buyers (underwriters and capital markets) and sellers (insureds) of various risk.

Our focus is on facilitating the underwriting of digital asset risk as appropriate insurance protection is vital for the health of any liquid, financial market.

By allowing cryptocurrencies like BTC and Eth to underwrite BTC and Eth risk, assets match liabilities meaning premiums are reduced, payouts and premiums are paid in native currencies and insurance cover scales as the digital asset space expands.

Furthermore, by utilising a stablecoin the Nayms platform can be used to underwrite USD-denominated risk, opening up our product to a whole variety of insurance perils globally.