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News from Aite Group, Tractable, Hippo and more. (Photo: Shutterstock)

Aite Group LLC and Novarica Inc. joined forces to create an advisory firm focused on helping executives from banks, payments providers, insurers, securities firms, and their respective service providers respond to important technology, market, operations and regulatory changes.

Sigo, a managing general agency providing underserved populations with affordable access to auto insurance, is leveraging its newly secured funding to further serve the overlooked segment of immigrant and Latinx customers. The $1.5M seed round, with participation from Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS will allow Sigo to launch an auto insurance product that removes biased rate factors from day one of the underwriting process.

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