Fobi AI (TSX-V:FOBI, OTCQB:FOBIF) CEO Rob Anson joined Steve Darling from Proactive to share news the company has signed an annual license with an auto-renewal with one of the world's leading insurance providers.
Anson telling Proactive Fobi will be earning revenue from this deal through an annual license fee as well a license fee per Wallet pass issued, generating monthly recurring revenue. Anson says it will work by drivers who can simply pull up their Wallet passes to exchange information, scan the QR code on the pass and their information can automatically be sent to their insurance company to speed up claims processing.