Category: insurtech
Hong Kong insurtech startup Coherent gets $14 million Series A led by Cathay Innovation
Based in Hong Kong, Coherent helps insurance providers go digital. With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow…
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VCs pulled back from fintech in Q1
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. If you just read the headlines, you’d be excused for thinking that venture capital investment into financial-technology companies is at an all-time high. Big deals this year like Plaid’s $5.3…
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Hong Kong insurtech startup OneDegree launches its first product, medical coverage for pets
OneDegree, the Hong Kong-based insurance technology startup, launched its first product today, a line of medical plans for pets called Pawfect Care. The company will introduce other products, including cyber insurance and medical coverage for humans, all available completely online, over the next 12 months. Founded in 2016, OneDegree raised…
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Tractable claims $25M to sell damage-assessing AIs to more insurance giants
London-based insurtech AI startup Tractable, which is applying artificial intelligence to speed up accident and disaster recovery by using computer vision to perform visual damage appraisal instead of getting humans to do the job, has closed a $25 million Series C, led by Canadian investment fund Georgian Partners. Existing investors…
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