Disclosure certainty 4/5 debate potential 1/5

Drivex operates with 11 full-time employees, 50% in product

Rauno Sigur · Pay per car scan model generates $30k MRR helping Insurers decrease fraud · Jun 19, 2022 · at 14:20

Rauno Sigur, CEO of vehicle inspection platform Drivex, outlines his company's team size and composition.

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“We have 11 people full-time and I would say 50% of those are product people. We have all our core expertise in-house and including sales and marketing.”

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More from Rauno Sigur

Assertion Supported
Drivex counts Vienna Insurance Group and Munich Re's Ergo as clients
“And we work with the largest groups such as Vienna Insurance Group, and also Ergo, which is a part of Munich Red.”
Rauno Sigur Jun 19, 2022 ▶ 1:38 Pay per car scan model generates $30k MRR helping Insurers decrease fraud
Disclosure
Drivex prices vehicle inspections between two and seven euros each
“So we're looking at between two to seven euros per inspection.”
Rauno Sigur Jun 19, 2022 ▶ 2:14 Pay per car scan model generates $30k MRR helping Insurers decrease fraud
Assertion Supported
Sigur says $7B in fraudulent auto claims are paid annually in US
“Because in the U S alone, over seven billion dollars per year is paid out in fraudulent claims and they can use that technology to.”
Rauno Sigur Jun 19, 2022 ▶ 3:48 Pay per car scan model generates $30k MRR helping Insurers decrease fraud
Assertion Not checkable as stated
Drivex processes 10,000 to 20,000 vehicle inspections per month
“So we're talking about 10, 10,020 thousand inspections per month.”
Rauno Sigur Jun 19, 2022 ▶ 5:02 Pay per car scan model generates $30k MRR helping Insurers decrease fraud
Prediction Not checkable as stated
Drivex plans to exceed $60k MRR by year-end
“We actually have the plan to break that in the end of this year.”
Rauno Sigur Jun 19, 2022 ▶ 6:52 Pay per car scan model generates $30k MRR helping Insurers decrease fraud
Assertion Not checkable as stated
Drivex MRR is growing 20% month-over-month
“So we're currently growing about 20% month on over month. If we look at the subscriptions and the MRR where we're making.”
Rauno Sigur Jun 19, 2022 ▶ 6:57 Pay per car scan model generates $30k MRR helping Insurers decrease fraud
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