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Insurance Lounge Raises $15M Growth Equity to Fuel Rapid Expansion
Insurance Lounge, has closed on $15M of growth equity financing to accelerate the company’s expansion plans. The financing will support the company’s initiatives for geographic growth, including the opening of new locations, the acquisition of additional agencies and the pursuit of key talent hires. The financing round was completed by a consortium of institutional investors led by Brian Modesitt and Alta Point Capital.
“As a second-generation agency owner, I kept seeing consumers confused and frustrated by the insurance buying experience. I envisioned a new model where buying insurance could be enjoyable, simple and convenient. Insurance Lounge is the culmination of that vision,” stated Michael DeLaGrange, Founder & CEO of Insurance Lounge. “I am excited to work with this new investor group to achieve the goal of Insurance Lounge’s unique consumer-centric approach.”
Brian Modesitt commented “I am enthusiastic to be partnering with Michael and the Insurance Lounge team. Not many agencies have been able to offer a compelling omni-channel experience like Insurance Lounge.” David Young, Managing Partner of Alta Point Capital, noted further, “Insurance Lounge has built a strong foundation and brand in Oregon and we look forward to working with Brian and Michael to support the company’s growth initiatives over the coming years.”
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Silverflow Closes $40 Million Series B as It Nears One Billion Transactions Annually
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Vivox AI Raises £1.3m to Scale Regulator-ready Atomic AI Agents for Financial Crime Compliance
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YouLend Secures Multi-Year Forward-Flow Facility from Värde Partners to Accelerate U.S. Growth
YouLend, the leading global embedded financing platform for e-commerce, payment and technology platforms, today announces a multi-year financing partnership with Värde Partners, a global investment firm, to further expand its capital base in the United States. The financing is structured as a forward-flow agreement with potential for Värde to purchase up to $225 million in receivables originated by YouLend.
Propel Finance Partners with Onecom to Offer Subscription Finance to SMEs
Propel Finance, the UK's fastest-growing asset finance lender, has announced a new strategic partnership with Onecom, one of the UK’s leading providers of business communications, connectivity and managed IT solutions, supporting thousands of SME and enterprise customers nationwide.
Vantage Capital Leads R635m Investment Into SolarAfrica Energy
Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine debt fund manager, announced that it has made a R635m investment into Commercial Energy South Africa (“CESA”), a subsidiary of SolarAfrica Energy (“SolarAfrica”), a leading South African energy solutions provider, alongside co-investor, Greenpoint Capital. CESA holds commercial & industrial (“C&I”) solar and battery energy assets developed by SolarAfrica.
Cytora and Quarticle Partner to Embed Cloud-Native GeoIntelligence into Commercial Insurance Workflows
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Integrity Viking Funds Modernizes Investment Accounting Infrastructure with FIS Investment Accounting Manager
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The True Cost of Fixed Income E-Trading: Transparency, Margins and Market Structure
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KAST Appoints Former Binance Global Communications Leader Brad Jaffe as Chief Communications Officer
KAST, the global platform built on stablecoin rails, announced today that Brad Jaffe, who led global communications at cryptocurrency exchange Binance for more than three years during a period of rapid global growth and regulatory evolution, has joined the company as Chief Communications Officer.
Karby Leggett Appointed Head of Digital Assets for GCNA, South Asia and ASEAN
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