Lumpsome

Bill relief to low and middle income people, through a software platform that blends the business model of insurance with the impact of mutual aid.

  • Stage Prototype Ready
  • Industry Fintech
  • Location Baltimore, MD, USA
  • Currency USD
  • Founded January 2023
  • Employees 2
  • Incorporation Type LLC
  • Website lumpsome.com

Company Summary

Lumpsome’s mission statement is: insurance meets mutual aid, for essential bills. Here is our business model: The customer pays a base $5 monthly membership fee, in addition to a sliding scale monthly investment between $5 and $20. After 6 months of consistent investments, the customer can withdraw funds to cover a bill.

Team

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