InsurTech
Digital Payment Platform Verituity Raises $10M; Has Insurance Claims Potential
Digital payments platform startup Verituity raised $10 million in new investment to help fuel a customer expansion in multiple sectors including banking and insurance. Plans will also focus on ...
Reinsurers and a Tech Oligopoly: The Future of Insurance
When Marty Young, co-founder of InsurTech Buckle, participated in a keynote interview at an M&A insurance conference late last year, the executive warned that the insurance industry is on the ...
Mile Auto Raises $10.3M, Teams With Ford to Advance Auto Telematics Tech
Mile Auto, a telematics-driven auto insurance MGA, is armed with $10.3 million in new funding. The Atlanta-based InsurTech plans to partner with Ford Motor Company and expand efforts to target ...
InsurTech Startup Omnidya Sees Benefits in Crowdfunding Versus Straight VC
Most InsurTech startups seek out venture capital to help fuel their initial development goals. Omnidya is turning to a crowdfunding campaign to raise money. Omnidya's Founder and CEO Kumar Patel is ...
Mitsui Sumitomo Invests in Upstream Security for Strategic Telematics Partnership
Upstream Security has raised $36 million from Japanese carrier Mitsui Sumitomo Insurance as part of a strategic partnership designed to advance telematics in insurance. Upstream, based in Israel, is ...
Lemonade Makes Progress Building Its Brand, Spending Money to Make Money
Lemonade remains a money-loser, but the digital insurer continues to take steps toward building a sustainable business. One of those key areas is in advertising spend. In the company's Q1 2021 ...
SPACS, or Reverse Merger Companies, Raise Record $100B in 2021 So Far
Special purpose acquisition companies (SPACS) have raked in a record $100 billion through initial public offerings so far in 2021, data from Refinitiv showed, in what has been Wall Street's biggest ...
Boost Raises $20M for Deeper Dive Into ‘Embedded Fintech Revolution’
Boost Insurance attracted $20 million in new financing from multiple investors it will use to dive deeper into what CEO Alex Maffeo refers to as the "embedded fintech revolution." The New York-based ...