News Archives - Page 2 of 10

Fintech Albert raises $100m

January 27, 2021February 2, 2021 Timo DregerFinTech, VentureCapital

CapitalG, Alphabet’s independent growth fund, Portag3, and QED joined the round, which brings Albert's total funding to date to $173 million. Since launching in 2016, Albert has signed up more than five million users, helping them to save over $500 million through financial automation. The company mixes this automation with a personal touch through its Read More

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Insurtech startup Sidecar Health’s valuation hits $1B

January 27, 2021February 2, 2021 Timo DregerInsurTech, VentureCapital

A new startup unicorn has emerged: insurance technology company Sidecar Health. The El Segundo, California-based company announced Tuesday that it raised $125 million in its series C funding round at a valuation of $1 billion. The company uses a “cash price” model that enables members to pay lower prices to their healthcare providers as compared Read More

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Can the Subscription Economy Save Financial Services?

January 27, 2021February 2, 2021 Timo DregerFinTech

The traditional FSI business model is looking threadbare – and not only because of the pandemic. Some players are seeking new territory by transitioning to subscriptions. As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: Read More

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ZA Bank expands footprint into insurance business

January 27, 2021February 2, 2021 Timo Dreger

ZA becomes the first Hong Kong virtual bank to obtain a digital-insurance license. ZA Bank has been granted an Insurance Agency Licence from the Hong Kong Insurance Authority, allowing it to act as an agent of ZA Insure, a fully digital insurer under the ZA brand. The move sees ZA Bank become Hong Kong’s first Read More

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‘Self-pay’ insurtech startup Sidecar Health hits unicorn status with $125M Series C

January 27, 2021January 27, 2021 Timo DregerInsurTech, VentureCapital

The startup's app prices care using cash rates, while letting its members choose their preferred care by comparing the costs of their local providers. Price transparency and direct-payment insurance startup Sidecar Health has announced a $125 million Series C round led by Drive Capital. New investors BOND, Tiger Global and Menlo Ventures, as well as Read More

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Rhino Raises $95 Million To Grow Rental Deposit Insurance Offering

January 27, 2021January 27, 2021 Timo DregerInsurTech, VentureCapital

Rental security deposit insurance startup Rhino, based in New York City, has raised $95 million to help reach its goal of saving renters $500 million in 2021."Putting renters first in our business has given us the opportunity to become renter advocates at a national level," Paraag Sarva, CEO at Rhino, said in a press release Read More

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Canadian Insurtech Foxquilt Announces Partnership with Digital Partners, a Munich Re company

January 27, 2021January 27, 2021 Timo DregerInsurance

Foxquilt launches as a full-service provider of small business insurance TORONTO, Jan. 26, 2021 /PRNewswire/ - Foxquilt, a leading insurance technology company focused on empowering small businesses and B2B networks to save on small business insurance, has partnered with Digital Partners, a Munich Re company, to enable the company to operate as a full-service insurance provider and Read More

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That Was the Year That Was

January 26, 2021 Timo DregerFinTech, InsurTech, VentureCapital0 comment

We are as glad to see 2020 in the rear-view mirror as you are. It was a long and trying year. And yet, in spite of the uncertainty and fear, lockdowns and upped antes, the FinTech Sandbox community persevered. We are amazed by — and frankly proud of — what members of the FinTech Sandbox Read More

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Aviva expanding investments in FinTech and InsurTech through new collaboration with venture capital firm Anthemis Trend

January 26, 2021 Timo DregerFinTech, InsurTech, VentureCapital0 comment

Aviva aims to transform its customer experience through innovation. To support this goal Aviva, working with Anthemis, has committed to invest new capital in innovative companies that are advancing the digital transformation of the financial services sector. Anthemis will deploy capital on behalf of Aviva through various funds focused on early and growth stage investments1 Read More

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European VC Report 2020: Strong Fourth Quarter Closes Out 2020

January 26, 2021January 26, 2021 Timo DregerVentureCapital

The European venture markets held up in 2020, despite the slowdown in funding in response to the pandemic in the first quarter and leading into the second quarter of 2020, according to Crunchbase data. Funding to European startups last year totaled $40 billion, down a mere 4 percent from 2019 at $41.8 billion. This marks Read More