Fintech profile: Lemonade, the AI-driven insurtech

As of December 2019, there are more than 400 unicorns worldwide - that's according to the aptly named Global Unicorn Club report from CB Insights. A significant number of those, private companies valued at more than $1bn for the uninitiated, are firmly entrenched in the financial services sector. One such company is Lemonade. The New York-based business uses artificial intelligence, chatbots and other innovative technologies to disrupt the home and rental insurance sectors. It recently appeared in FinTech magazine's Top 10 Unicorns list, which provided a comprehensive snapshot of those most innovative companies to achieve this coveted status.