Breaking News
iCover Raises $5 Million in Pre-Series A Funding
iCover, a Missouri-based Insurtech that provides an algorithmic underwriting and QUI™ based eApp Service for life insurance companies, raised $5 million in Pre-Series A funding.
Lead investor for the round is Kesan Parasuraman, a private investor who also led iCover’s Seed round in August 2021. The company intends to use the funds raised to increase technical staff, expand sales and marketing, and bolster R&D efforts related to their AI underwriting framework and private Blockchain network.
iCover is currently working with six insurance companies and launching an array of products that include, Income Protection, Final Expense, Term and Whole Life. Insurance companies will use iCover’s proprietary AI / algorithmic underwriting platform with the patent-pending QUI™ eApp technology to deliver a 5-minute point-of-sale buying journey for consumers. iCover’s omnichannel capabilities will help insurance partners launch products and sell through agency, direct to consumer and embedded channels.
“In terms of traction and momentum, 2022 has been a great year so far. Fast and accurate Point-of-Sale underwriting has become more relevant than ever before. With this capital infusion, we can fuel our sales and marketing efforts through 2023 and expand iCover’s Intellectual Property with increased R&D in the areas of AI and Blockchain,” said Hari Srinivasan, Founder & CEO for iCover.
People In This Post
- InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time Read more
- NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality Read more
- MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants Read more
- InsurTech NY: QuickFacts on Broker Data Read more
- Houston Fraley on Why Security Is the Foundation of Trust in FinTech Read more
Slash Achieves Unicorn Status Following $100m Series C Fundraise
Slash Financial, Inc. is now valued at $1.4 billion following a $100m Series C funding round elevating Slash to unicorn status
spektr Raises $20M Series A to Eliminate Manual Compliance Work Across Financial Services
spektr has raised $20 million in Series A funding to expand spektr’s AI compliance platform and accelerate adoption across financial institutions
SolvaPay Raises €2.4M and Launches the World’s First Payment Layer Built for the Agentic Economy
SolvaPay, an AI payments platform based in Stockholm, today announces €2.4 million ($2.8M) in pre-seed funding to build out its new payment infrastructure platform, built to power the emerging era of agentic commerce.
Wamo Closes €10m Series A to Power European SMEs
Wamo has raised €10 million in Series A funding to accelerate expansion in Italy and the Nordics
Round Raises $6m to Build AI That Actually Runs Finance Operations
Round, the AI-powered finance automation platform used by some of Europe’s fastest-growing companies and unicorns, has raised $6 million in Seed funding
Pipe Raises $16 Million in New Funding Round Led by Fin Capital and MaC Venture Capital
Pipe, a fintech that provides customer-friendly embedded financial solutions for small businesses, announced a $16 million funding round
Short-term Supportive Housing Provider, D2 Propco, to Expand Accommodation Portfolio Across England & Wales, Following £28.5m Loan From OakNorth
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £28.5m loan to D2 PropCo, a specialist provider of short-term supportive housing across England and Wales.
InsurTech NY: General Magic on How AI Text Agents Are Cutting Insurance Quote Time
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
NOTO: Why AI Fraud Prevention Needs Human Interaction to Beat the ‘Tick in the Box’ Mentality
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
MPE 2026: Mastercard and Deutsche Bank on Reducing Complexity for Merchants
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
InsurTech NY: QuickFacts on Broker Data
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Houston Fraley on Why Security Is the Foundation of Trust in FinTech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Fintech Meetup 2026: What Brings You to Fintech Meetup This Year?
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Pay360 2026: Why Are People Attending Pay360 2026?
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]