Straightforward cycle insurance powered by the community
Laka has developed a community-driven approach to insurance initially focused on the cycling market. Its first product insures bicycles and cycling equipment against theft or damage. Its products are now used by over 5,000 cyclists across the UK. Unlike the traditional actuarial model of insurance, which incentivises the insurer to maximise profit by settling as few claims as possible, Laka customers work together as a community and share the cost of claims.
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Fintastico Team
2 months
https://www.pymnts.com/news/investment-tracker/...
InsurTech Firm Policygenius Raises $125M
Policygenius has raised $125 million in new growth capital, the InsurTech firm announced in a news release Thursday (March 17).
Fintastico Team
2 months, 1 week
https://www.pymnts.com/news/investment-tracker/...
French InsurTech +Simple Snags $98M
French InsurTech +Simple brought in 90 million euros ($98.2 million) and acquired three European companies to expand its insurance robo-broker platform.
Fintastico Team
3 months, 1 week
https://www.pymnts.com/news/investment-tracker/...
Vitesse Closes on $26M in Series B Funding
Vitesse, the United Kingdom-based FinTech, secured $26 million in Series B funding, the company announced Thursday (Feb. 10).
Fintastico Team
3 months, 3 weeks
https://www.pymnts.com/news/investment-tracker/...
Swiss InsurTech Firm Helvengo Raises $4.4M
Swiss InsurTech startup Helvengo has raised more than 4 million euros ($4.4 million) in seed funding, according to reports Friday (Jan. 28).
Fintastico Team
3 months, 3 weeks
https://www.pymnts.com/news/investment-tracker/...
InsurTech Laka Nets $12M for eMobility Solution
London-based cyclist InsurTech startup Laka has secured more than 10.6 million ($12 million) to advance its insurance model.
Fintastico Team
2 years, 3 months
https://www.crowdfundinsider.com/2020/02/157323...
Insurtech: London-based Laka Secures €4.2 Million for Ongoing Development and Expansion of its Bicycle Insurance Services
London-based Insurtech Laka secures €4.2 Million for ongoing development and expansion of its bicycle insurance services.