Lemonade, an insurance startup worth $US2 billion, filed financial paperwork on Monday to go public. In its registration statement, the company revealed ballooning losses alongside top-line growth. Other SoftBank-backed startups, from Uber to WeWork, are haemorrhaging money. Visit Business Insider’s homepage for more stories. Lemonade, an insurance company backed by […]
Keith Rabois, a member of the so-called “Paypal Mafia,” is backing a renters insurance startup, Jetty. The New York-based company said this week it raised $US25 million in Series B round, led by Keith Rabois of Khosla Ventures. Jetty offers low-cost insurance for renters. It competes with insurtech startups like […]
Peter Thiel’s Valar Ventures has led a $US30 million funding round for the Berlin-based Coya. The German startup is hoping to build a digital insurance platform pitched at millennials. The funding is aimed at helping the startup get licensed, and Coya hopes to launch its product later this summer. LONDON […]
Insurance provider Lemonade is a three-year-old startup that recently received $US120 million in a funding round led by Japanese telecom giant Softbank. Lemonade is attempting to reinvent the homeowners and renters insurance model in the US by cutting out brokers, offering competitive rates, and using an AI-powered mobile app. Co-founder […]
Allianz’s digital investment unit invests $US96.6 million into BIMA. Seven-year-old business lets people in emerging markets buy insurance through their mobile phones. LONDON – German insurance giant Allianz has invested close to $US100 million (£74.7 million) in BIMA, a Swedish-British startup that helps people in developing economies buy affordable insurance […]
LONDON -- PremFina, a British insurtech...
LONDON -- More than £200...
LONDON -- Silicon Valley investor Peter...
LONDON -- Aviva, the 321-year-old British...
The founder of a startup delivering blockchain technologies to farmers was one of the big winners at FinTech Australia’s inaugural industry awards ceremony held in Sydney on Wednesday night. AgriDigital co-founder and chief executive Emma Weston took out two of the five marquee awards at “The Finnies” – female fintech […]
Established insurance player QBE has the answer to the threat of disruption from technology-driven startups — buy into them. The company is looking for innovative insurtech startups, planning up to invest $50 million in early stage businesses this year. Chairman Marty Becker told the company’s AGM today “insurtech” startups have […]
LONDON -- A South African insurance technology...
LONDON -- Japanese e-commerce giant Rakuten...
LONDON -- Simply Business, the UK's largest...
LONDON -- Investors from around the world...
The global insurance industry is worth...
Major insurer AXA is partnering with Silicon...
