Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Insurance startup YuLife raises $120m

UK tech-driven insurance outfit YuLife is set for global expansion after raising $120 million in a Series C funding round led by Dai-ichi Life Insurance Company.

07 July 2022

Company update/retail

UAE insurance company goes live with Innoveo no-code platform

Innoveo, a global technology firm and pioneer in no-code platform-as-a-service, announced today that Oman Insurance company, one of the largest publicly listed insurers in the United Arab Emirates, has successfully gone live with its ZeroCode ‘KUDOS’ platform leveraging Innoveo Skye, driving near-immediate efficiencies and enhancing the customer experience.

29 June 2022

Company update/wholesale

Surecomp signs DZ Bank to collaborative trade finance platform

Surecomp today announced that two financial institutions have subscribed to its newly launched RIVO™ platform for collaborative trade finance. DZ Bank is the first bank to sign-up, alongside the leading provider of guarantee insurance in the Nordics.

23 June 2022

Company update/people

Wefox appoints former Klarna risk chief to board

wefox, the Berlin-based digital insurance company, has appointed Hanna Jacobsson to the Board. Jacobsson will serve as a Non-Executive Director with immediate effect.

08 June 2022

Company update/retail

Aviva deploys Tractable AI to assess motor damage claims

Aviva, one of the largest insurers in the UK, has signed an agreement with Tractable to improve the accuracy and efficiency of UK motor claims by using artificial intelligence (AI).

27 April 2022

Company update/retail

Generali and ZA Bank form bancassurance partnership

Generali Hong Kong and Hong Kong's No.1 virtual bank[1] - ZA Bank, today announced the commencement of their bancassurance partnership.

07 April 2022

News/startups

Open insurance startup Insurely raises €19 million; signs deal with SEB

Insurely, a Swedish fintech startup that uses open banking data to help insurers personalise premium offers, has signed SEB as a flagship customer.

06 April 2022

Company update/retail

Revolut Premium and Metal account holders now have travel insurance benefits from Allianz Partners

Revolut, the global financial super-app with more than 18 million customers worldwide, has appointed Allianz Partners, a leading company in B2B2C insurance and assistance services, as its new global travel insurance services provider.

05 April 2022

Company update/retail

FintechOS enters pet insurance market

FintechOS, the global leader in high-productivity fintech infrastructure to companies that offer financial services, today announced its entry into the pet insurance space with its newest Accelerator, empowering insurers to offer hyper-personalized pet cover to a market worth over USD 7 billion.

05 April 2022

News/sustainable

Lemonade Foundation preps blockchain-based climate insurance for subsistence farmers

The non-profit arm of insurance unicorn Lemonade has formed a coalition building a blockchain-based climate insurance offering for subsistence farmers and livestock keepers in developing markets.

22 March 2022

Company update/startups

Insurtech Igloo raises $19 million; appoints new CEO

Regional insurtech firm, Igloo, today announced the promotion of Raunak Mehta, previously Chief Commercial Officer as its new Co-founder and Chief Executive Officer (CEO).

16 March 2022

News/startups

Embedded finance network mmob raises £5m

British embedded finance network mmob has closed a £5 million seed funding round to finance a move into new markets, including Malaysia.

09 March 2022

News/cloud

CaixaBank makes quantum computing breakthrough

CaixaBank has joined forces with vendor D-Wave Systems to apply quantum computing in investment portfolio hedging calculation in the insurance sector.

07 March 2022

Company update/startups

Digital life insurance platform Plum Life raises $5.3m

Plum Life Inc announced today it closed a $5.3 Million seed round led by ManchesterStory with additional participation from MTech Capital, Sonostar Ventures and other investors.

02 March 2022

News/startups

CommerzVentures closes €300m third fund

Germany's Commerzbank has committed €300 million to the third CommerzVentures fund, which will invest in startups in fintech, insurtech and climate fintech.

02 March 2022

Company update/payments

Vitesse PSP, secures $26 million in Series B funding

Vitesse PSP (“Vitesse” or “the Company”), the global payment, liquidity and treasury management platform, today announced that it has raised $26 million in Series B funding led by Prime Ventures.

10 February 2022

News/retail

Revolut moves into insurtech with pet product

Revolut's super app ambitions have taken another step with a move into insurtech through the launch of a pet insurance product.

02 February 2022

Company update/startups

ABN Amro invests in e-mobility insurtech company Laka

ABN AMRO Ventures is investing in a Series A capital raise of USD 12 million by London and Amsterdam-based insurtech start-up Laka, alongside US mobility investor Autotech Ventures and other tier 1 venture capital investors.

31 January 2022

Company update/startups