Breaking News
IAG Firemark Ventures launches second $75 million fund
IAG has launched a second $75 million venture capital fund with an investment in Artificial Intelligence (AI) InsurTech provider, Plnar.
Fund Two, the second fund created under IAG’s Firemark Ventures, aims to partner with, and invest in, start-ups that have the capacity to enhance how IAG delivers insurance. The additional $75 million in capital will be used over the next five years and builds on the strategic and financial success of the company’s initial $75 million fund.
IAG Firemark Ventures General Partner, Scott Gunther, said: “The establishment of Firemark Ventures’ Fund Two, means we can continue to grow our portfolio of local and international start-ups, and invest more in existing portfolio companies to deliver new and ongoing benefits to IAG.”
To date, Firemark Ventures has made 33 investments across 18 portfolio companies and embedded 13 new technologies and data capabilities within IAG, following successful internal trials.
Plnar, the first investment by Firemark Ventures under Fund Two, uses computer imagery to create 3D renderings of home interiors which allows anyone with a smartphone to document interior property damage, enabling virtual and self-serve property claims.
Together, IAG and Plnar will explore how imagery, data and AI can help create differentiated customer claims experiences. IAG is the first company to invest in Plnar outside the USA, bringing the technology to Australia and New Zealand for the first time for IAG’s customers.
Mr Gunther said: “Plnar’s technology has the potential to enhance how we interact with our customers by dramatically streamlining the claims assessment process. In less than two minutes per room, customers and our assessors can capture all the insights they need to determine what’s required to repair the damage.”
In February, IAG will commence a pilot program using Plnar involving property claims and its supply chain for IAG direct insurance brand NRMA Insurance. IAG Executive General Manager Direct Claim, Luke Gallagher, said: “We’re always looking at the latest innovations and technology to help us provide the best experiences for our customers.
“We introduced virtual assessing at the start of the pandemic which allowed us to assess damage to a customer’s property via video call. Our partnership with Plnar will take this highly efficient digital experience for our customers to the next level.”
People In This Post
Companies In This Post
- Bitget Launches QR-Based Payments for Daily Needs, Targets 2.2 billion Users Globally Read more
- Belize Bank Expands e-commerce Acceptance in the Cloud with BPC, Marking a Decade of Payments Modernization Read more
- Alkami and Cornerstone Advisors Release the 2026 Digital Banking Performance Metrics Report for Retail and Business Banking Read more
- UK Fintech Payments Company Icon Solutions Honoured With King’s Award For Enterprise Read more
- Fintech Marketing Community 2026: The New FinTech Marketing Playbook – Trust, Authenticity, and Customer-Centric Growth Read more
Pit Launches with $16 Million Led by Andreessen Horowitz to Bring AI-Native Software to Enterprise Operations
Pit, an AI-native platform that replaces the patchwork of spreadsheets, inboxes, and rigid SaaS tools that run enterprise operations today, announced its public launch alongside $16 million in funding led by Andreessen Horowitz (a16z). The round includes participation from Lakestar, the Pit founders and executives from OpenAI, Anthropic, Google, Deel, and Revolut, as well as the Stena and Lundin families.
Astrada Raises Seed Round to Build the Data Layer for Autonomous Finance
Astrada, the data layer for autonomous finance, today announced the close of its $3.8 million seed funding round. The round was led by Bain Capital Ventures, QED Investors, and Nyca Partners, with a strategic investment from Mastercard and follow-on participation from existing investor Visa.
NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA
NUVA Digital, the software development company behind the RWA marketplace NUVA, today announced the successful closing of a US$5.2 million fundraising seed round led by Morgan Creek Digital. NUVA is the non-custodial, unified distribution layer for high-quality real-world asset (RWA) vaults. It offers users one-click access, enabling them to deposit stablecoins to mint liquid, composable tokens that deliver yield. NUVA ensures transparency and seamless DeFi composability with on-chain proof of reserves, without requiring minimum deposit requirements or lockups.
Rogo Raises $160M Series D to Scale the Agentic Platform for Finance
Rogo, the AI platform purpose-built for finance, today announced it has raised $160 million in Series D funding led by Kleiner Perkins, with participation from Sequoia, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic and Positive Sum. The Series D brings Rogo’s total funding to more than $300 million and positions Rogo to accelerate the company’s global expansion, deepen its partnerships with the world’s leading financial institutions, and scale its AI agent, Felix.
Ebury, Santander’s International Payments Fintech, Secures C.£550 Million to Accelerate Growth and Global Expansion
Santander has agreed to participate in c.£550 million funding rounds for Ebury, its global fintech platform focused on cross-border payments and international trade solutions
Performativ Raises $14m Series A Led by Large European Financial Infrastructure Provider
Performativ has raised $14 million in a Series A funding round, led by Deutsche Börse Group
Tenzo Secures $5m Series A Extension to Scale Real-time Data and AI for Hospitality Operators
Tenzo, the real-time data and analytics platform for hospitality operators, has secured a $5m first close of its Series A extension round. The round is led by Edge.vc, with participation from existing investors Amadeus Capital Partners and YourVC, alongside Frontive Holdings, one of Tenzo’s customers.
Bitget Launches QR-Based Payments for Daily Needs, Targets 2.2 billion Users Globally
Bitget, the world’s largest Universal Exchange (UEX), has introduced its Scan to Pay feature on Bitget Pay, enabling users to spend USDT directly at offline merchants by scanning QR codes through the Bitget App.
Belize Bank Expands e-commerce Acceptance in the Cloud with BPC, Marking a Decade of Payments Modernization
The Belize Bank Limited is redefining the country's digital economy with the launch of cloud-based e-commerce acquiring. By expanding its SmartVista-powered capabilities to include secure online transactions, the country’s most enduring full-service bank is removing barriers for Belizean merchants. This milestone marks ten years of payments innovation alongside BPC, reinforcing The Belize Bank’s commitment to driving a modern, secure, and accessible financial future.
Alkami and Cornerstone Advisors Release the 2026 Digital Banking Performance Metrics Report for Retail and Business Banking
Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced the release of its new research, the 2026 Digital Banking Performance Metrics Report, commissioned by Alkami and conducted by Cornerstone Advisors. Now in its seventh year, the report expands beyond retail banking for the first time to include new benchmarks for business digital banking, while continuing to deliver insights into digital banking adoption, user engagement, and performance trends.
UK Fintech Payments Company Icon Solutions Honoured With King’s Award For Enterprise
Icon Solutions, the UK fintech enabling banks to design and implement state-of-the-art payment systems, has been awarded a prestigious King’s Award for Enterprise in the Innovation category.
Fintech Marketing Community 2026: The New FinTech Marketing Playbook – Trust, Authenticity, and Customer-Centric Growth
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Convergence of Competitive Rates and Digital Experience in Savings
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
MoneyPilot You Didn’t Know You Had: How MoneyPilot Is Turning Missed Settlements into Real Payouts
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]