Momento
“Can a Mexican auto insurance app become the financial OS for drivers by embedding banking and insurance services into a single telematics-driven mobile platform?”
Momento was founded in 2021 in Mexico City as an auto insurance and telematics platform targeting Mexican drivers, offering driving behavior scores, theft-risk assessments, gas and parking discovery, and insurance carrier services through a mobile application. The company evolved from a pure insurance product toward an embedded finance model, as evidenced by its partnership with Evolve Bank & Trust — a US-based BaaS sponsor bank — suggesting ambitions to layer financial services (potentially embedded accounts or payments) on top of its insurance core. The company raised a Series A of $10.2M and operates at the intersection of InsurTech, AI/ML, and SaaS.