Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Satin Creditcare appoints Bhuvnesh Khanna as President of Satin Finserv Limited

    July 25, 2023

    Shriram Housing Finance Ties up with DocOnline to Offer Healthcare Benefits to Customers

    July 25, 2023

    Cashfree Payments launches ‘BNPL Plus’

    July 25, 2023
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » Insurtech Ensuredit Raises 4.2 Million USD in Pre-Series A Funding Led by Cover Genius
    Insurance

    Insurtech Ensuredit Raises 4.2 Million USD in Pre-Series A Funding Led by Cover Genius

    Ensuredit aims to utilize this funding to ramp up product offerings and expand the technology team.
    July 6, 20222 Mins ReadBy Bfsinxt Desk
    Twitter LinkedIn WhatsApp

    Gurgaon and Bengaluru-based insurtech firm, Ensuredit has raised $4.2 million in Pre-Series Round A led by Cover Genius, the global insurtech for embedded insurance, with participation from other leading investors including 9Unicorns, NexStep Discovery Pte, CP Ventures, Venture Catalysts & IPV. Apart from the new investors, existing investors also participated in the current round.

    Ensuredit aims to utilize this funding to ramp up product offerings and expand the technology team.

    The insurtech firm in a statement said, it  will deploy more context-relevant artificial intelligence (AI)/machine learning (ML) and computer vision-based products that will make customer journeys easy, while also optimizing sales teams and customer onboarding, providing deep business analytics and preventing leakage in financial reconciliation.

    Founded in 2019 by Amit Boni, Rohit Sadhu, and Vikas Ranga, Ensuredit aims to enable the tech-led delivery of 1 million+ insurance policies in the current fiscal year.

    “As Cover Genius deepens its global capabilities, especially in the Indian market which is highly underinsured, we are eager to help Ensuredit use its technology to bring relevancy to the traditional insurance market,” said Angus McDonald, CEO and co-founder, Cover Genius. “Having successfully partnered with some of India’s largest digital companies, such as Flipkart and Pepperfry, we believe this region is poised to adopt an embedded protection model.”

    While speaking about the investment Amit Boni, founder and CEO of Ensuredit said in a statement, “We are passionate about delivering innovative technology and digitization solutions to the Insurance industry, with a special focus on Insurance intermediaries and distributors. We believe that empowering them with this technology is critical to the industry’s goal of making insurance available to every Indian.”

    Cover Genius Ensuredit Insurance InsurTech
    Previous ArticleSimpl Appoints Shikha Tomar as Senior Director of its Partner Success Team
    Next Article From Onboarding To Disbursal in 2 minutes; tech is our biggest differentiator: Devang Mundhra, KredX
    Bfsinxt Desk

    Related Posts

    HDFC Pension’s Assets Under Management Cross Rs. 50,000 Cr

    May 24, 2023

    Capital Small Finance Bank partners with Max Life to offer life insurance solutions

    May 4, 2023

    Neobank Chqbook Collaborates with ICICI Lombard General Insurance

    April 1, 2023

    Kotak General Insurance partners with Clootrack to enhance customer centricity

    January 23, 2023

    Leave A Reply Cancel Reply

    Recent Posts

    • Satin Creditcare appoints Bhuvnesh Khanna as President of Satin Finserv Limited
    • Shriram Housing Finance Ties up with DocOnline to Offer Healthcare Benefits to Customers
    • Cashfree Payments launches ‘BNPL Plus’
    • IDFC FIRST Bank, Club Vistara and Mastercard launch new credit card
    • PhonePe launches one-stop POS solution for merchant partners

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    Satin Creditcare appoints Bhuvnesh Khanna as President of Satin Finserv Limited

    July 25, 2023

    Shriram Housing Finance Ties up with DocOnline to Offer Healthcare Benefits to Customers

    July 25, 2023

    Paytm partners with Shriram Finance Limited, strengthens its loan distribution biz

    July 9, 2023

    L&T Finance launches Warehouse Receipt Financing

    April 1, 2023
    New Policy
    Policy

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 20220By Bfsinxt Desk

    The RBI said, with a view to facilitate cash flow-based lending to MSMEs, it has been decided to include Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework.

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022

    RBI launches दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System

    October 8, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2023 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.