Tech

The $2 billion SoftBank-backed insurance startup Lemonade has filed to go public

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 […]
The $2 billion SoftBank-backed insurance startup Lemonade has filed to go public
Tech

The key to disrupting a billion-dollar industry is ‘ignorance,’ says the founder of SoftBank’s latest multi-million dollar investment darling

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 […]
The key to disrupting a billion-dollar industry is ‘ignorance,’ says the founder of SoftBank’s latest multi-million dollar investment darling
News

Allianz invests $96.6 million in mobile insurance startup BIMA

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 […]
Allianz invests $96.6 million in mobile insurance startup BIMA
Tech

THE FINNIES: All the winners from Australia’s first fintech industry awards

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 […]
THE FINNIES: All the winners from Australia’s first fintech industry awards
Markets

QBE will invest $50 million in insurance tech startups this year

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 […]
QBE will invest $50 million in insurance tech startups this year