Root, a South African insurtech firm, has raised $1.5 million to accelerate its expansion plans and build on its success both domestically and internationally.
Root will be able to capitalize on the rising demand for cutting-edge insurance solutions by expanding its operations in the UK, where it began in May, and throughout Europe with the help of this new cash infusion.
Details
In order to help businesses in Africa, the UK, and Europe create, market, and manage digital insurance products, Root, a 2016 startup, provides an end-to-end insurance platform.
Root gives companies the freedom to independently create and implement insurance solutions by demystifying the intricacies of insurance through user-friendly APIs.
What They’re Saying
Louw Hopley, co-founder at Root, expressed excitement over the recent funding while also acknowledging the support from Invenfin.
“We’ve built a trusted partnership with Invenfin since they invested in our business two years ago, and I’m delighted that they see further potential in our growth strategy and want to continue to invest in our future as we scale up internationally,” said Hopley.
Source: Tech Economy
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