Breaking News
MLTPLY Launches to Bring Seed-Stage Insurtech Startups to Market in 6 Months
Aimed at seed-stage companies that are solving small businesses’ and consumers’ protection and insurance needs in areas of property and casualty, MLTPLY will place a special focus on companies where technology and coverage are key areas of innovation, including telematics, new data, new markets, complex markets, and non-admitted offerings that need technology scale.
“Simultaneous delivery of coverage, experience and technology innovation in insurance is prohibitively costly — it’s too highly regulated,” said Gloria Guntinas, CEO of MLTPLY. “But there are plenty of $150 million opportunities out there that are blocked from funding because they’re too small for big insurance companies to dedicate resources to. There’s massive potential in these seed-level startups, and MLTPLY helps them realize that value by freeing them from the time-consuming core business functions so they can focus entirely on solving market changing problems.”
MLTPLY has created an environment to foster rapid and cost-effective delivery of insurtech products by granting entrepreneurs support so that they can focus on solving the key problem they have identified in the market. Shared services and knowledge make the process easier, ensure costs are scalable, and free startups from stressing over much-needed insurance compliance. The structure not only accelerates insurtech products to market but increases the likelihood they successfully reach the market because they’re building on tried-and-true methods.
“A good corporate accelerator eliminates distractions and enables the founders to focus time and resources on the problem they’re trying to solve. That’s exactly what MLTPLY brings to the insurtech market,” said Tom Libassi, Co-Founder and Managing Partner of ILS Capital Management, a key investor of MLTPLY. “It doesn’t have to be all or nothing either. For example, even if a startup already has funding, MLTPLY can provide insurance and operational support. That kind of flexibility unlocks the potential we’re seeing in seed-stage insurtech companies.”
Companies In This Post
- Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions Read more
- SBS’s Digital Branch Mobilises UK Banking Read more
- Federato Appoints Yogesh Sapre as Chief Revenue Officer Read more
- Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay Read more
- Huntington Bank Joins CHIPS® for High-Value Payments Read more
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
NatWest Group Commits £20 Billion to Drive Growth Across the North of England Over Next Decade
NatWest Group has today announced a £20 billion funding commitment over the next ten years to drive economic growth across the North of England, supporting the UK’s ambitions to build stronger, more productive regional economies.
Stitch Raises $25M Series A Led by Andreessen Horowitz
Stitch announced it has raised $25 million in Series A funding led by Andreessen Horowitz (a16z)
Pembroke Leads Funding Round Into Kaizan of up to £2.5m to Help Services Firms Grow Every Client with AI
Pembroke VCT has led a funding round of up to £2.5 million in Kaizan, investing £1.5 million alongside Velocity Capital and leading industry angels.
Elliptic Secures $120 Million Investment From Nasdaq Ventures, Deutsche Bank, One Peak and the British Business Bank
Elliptic announced the closing of a $120 million Series D fundraise led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank and the British Business Bank
Adfin Raises $18M Series A from Index Ventures for Automated Business Finance
Adfin, the London-based fintech, has raised $18 million in Series A funding to build the agentic money movement platform: starting by helping businesses getting paid on time, and ending with money that moves itself.
Cedar Health Accelerates Growth With Further ThinCats Funding
ThinCats, the leading alternative finance provider to UK mid-sized SMEs, has provided a significant growth funding package to specialist autism and learning disability care provider, Cedar Health and Wellbeing.
Checker Raises $8M from Galaxy Ventures, Al Mada Ventures and Framework Ventures to Unify Fragmented Digital Asset Markets for Institutions
Checker, a global network that enables financial institutions to plug into stablecoins and digital asset liquidity, cross-border payments, treasury, and credit via a single API, announced today that it has raised $8M in funding from Galaxy Ventures, Al Mada Ventures, and Framework Ventures. Additional participants include strategic financial institutions, such as Bitso and Airtm in Latin America, DFS Lab in Africa, and Onigiri Capital, SNZ Capital and Velocity in Asia. Additional investors include fintech operators from Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, Superstate, and more.
SBS’s Digital Branch Mobilises UK Banking
SBS, the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, has launched Digital Branch, a cloud-native, tablet-based branch servicing platform that replaces legacy teller systems for UK building societies and banks. Now, institutions can keep branches economically viable and regulatorily compliant at a time when more than 6,000 UK bank branches have closed since 2015.
Federato Appoints Yogesh Sapre as Chief Revenue Officer
Federato, the AI-native platform that changes the way insurance work gets done, today announced the appointment of Yogesh Sapre as Chief Revenue Officer (CRO).
Zip US and InComm Payments Bring Flexible Payments to Gift Cards, Giving Shoppers a New Way to Pay
Zip (ASX: ZIP), the digital financial services company offering innovative, people-centered products for everyday Americans, and InComm Payments, a global payments technology company, today announced a partnership that brings installment buying to the gift card category. Through the integration, eligible shoppers can purchase popular gift card brands directly in the Zip app.
Huntington Bank Joins CHIPS® for High-Value Payments
The Huntington National Bank has joined the CHIPS® network, the largest private-sector U.S. dollar clearing and settlement system in the world, to clear and settle high-value domestic payments.
Wego Introduces Stablecoin Payments Through Partnership with Triple-A for Flights and Travel Bookings
Wego, the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has partnered with Triple-A, a global payment institution, to introduce stablecoin payments for travel bookings, further expanding the range of payment options available to travelers booking flights and other travel services.
FIX Releases DeFi Manual for TradFi
The FIX Trading Community, the industry association that manages the world’s trading language, the FIX Protocol, has released a comprehensive manual on digital assets and blockchain technology for finance professionals – Blockchain Basics.