Insurance

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

/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.

/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.

/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.

Lemonade Foundation preps blockchain-based climate insurance for subsistence farmers

/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.

/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).

Embedded finance network mmob raises £5m

/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.

CaixaBank makes quantum computing breakthrough

/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.

/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.

CommerzVentures closes €300m third fund

/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.

/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.

Revolut moves into insurtech with pet product

/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.

/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.

/startups

Insurtech Stubben Edge Group secures £10m investment

UK-based insurtech Stubben Edge Group has secured £10m in investment following a doubling of business since its first round in December 2020.

/sustainable

Insurtech Zensung launches 'go green' app

Singapore-based insurtech firm, Zensung today launched its application called Parrot on the app stores.

/wholesale

Broker Insights raises £6m for US expansion

Broker Insights – the high-growth company whose digital platform is transforming the commercial insurance market - has raised more than £6m in a Series A funding round led by Mercia.

/payments

Vitesse to offer instant pay to card with Mastercard Send

By leveraging near real-time payments to debit and credit cards, insurers can now provide a flexible, seamless and secure claims payment service for their customers. Vitesse announces it is working with Mastercard as a network provider for its Pay-to-Card solution, allowing insurers to pay claims directly to debit and credit cards - in a matter of minutes.

/sustainable

Insurtech Demex raises $9m

The Demex Group, the technology company behind a first-of-its-kind platform for analyzing, pricing, and transferring climate-linked risks at scale, today announced it has raised $9 million in Series A funding led by financial services and technology investors, Anthemis Group, Blue Bear Capital, and QBE Ventures.

VentureSouq launches $50m Mena fintech fund

/startups

VentureSouq launches $50m Mena fintech fund

Venture capital firm VentureSouq has launched a $50 million fund focused on fintech across the Middle East and North Africa (Mena) region and Pakistan.

Swiss Re partners Baidu on autonomous vehicle insurance

/retail

Swiss Re partners Baidu on autonomous vehicle insurance

Swiss Re is working with Baidu to develop insurance products for the Chinese technology giant's autonomous driving business.

/startups

F10 strengthens investor network with Italian Angels for Growth partnership

The partnership between F10 and IAG is a strategic initiative to strengthen the global FinTech & InsurTech innovation ecosystem and to increase investment opportunities for startups graduating from F10 programs. Both F10 and IAG are aligned in their vision that collaboration and a strong support network are key to the success of FinTech & InsurTech innovations.

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