LOOP Cofounder and Co-CEO, John Henry, recognized in Black Enterprise Magazine's Inaugural 40 Under 40 award, in the Business category.
"With the launch of his new insurance technology startup LOOP, serial entrepreneur and investor John Henry is plunging into his next business endeavor, which aims to make auto insurance more equitable for all. LOOP uses an alternative model that applies usage, real-time data, and AI to help set up prices. That is unlike traditional auto carriers that base rates off metrics like credit scores and income, potentially resulting in bias, higher rates, and less protection for low-income people of color. Prior to LOOP, Henry sold his first business at 21 and went on to co-found Harlem Capital, which raised $40 million for women and minority entrepreneurs before he left in 2020."
Read more on Black Enterprise. https://www.blackenterprise.com/40under40/