Small business-focused insurtech Coterie has raised $27mn in a post-Series B funding round, securing fresh backing from Hiscox along with participation from existing investors Intact Ventures, Weatherford Capital and RPM Ventures, The Insurer can reveal.
CINCINNATI – March 14, 2024 – Coterie Insurance, the insurtech MGA simplifying small business insurance, has been named the 2024 Best Insurtech Company by the Fintech Breakthrough Awards. FinTech Breakthrough is an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
“We’re honored to be named Best Insurtech Company as this recognition represents how far Coterie has come over the past five years in transforming small business insurance for everyone involved,” said David McFarland, CEO of Coterie Insurance. “Having our innovative, game-changing approach acknowledged and endorsed by the broader industry is a clear demonstration that Coterie is bringing real value to ongoing industry challenges with novel and exciting solutions.”
Launched in late 2023, the mission of Visa+ is to create an interoperable future, where paying across services is as seamless as using any one service, benefiting both consumers and payment app providers.
Leading fintech announces the close of a $75 million equity round and the $100 million expansion of an existing secured credit facility, with the incremental financing provided by Citi
Funds will be used to accelerate growth and expansion into adjacent categories and new markets
NEW YORK, Jan. 18, 2024 /PRNewswire/ -- DailyPay, the leading on-demand pay company, today announced it has secured over $175 million to fuel growth. The funding is divided between $100 million of expanded secured credit facility capacity provided by Citi and over $75 million in equity financing, which valued the company at $1.75 billion on a pre-money basis.
The innovative RegTech company joins fellow industry leaders on the prestigious Government Technology Magazine list
BIRMINGHAM, ALABAMA, USA, January 3, 2024 /EINPresswire.com/ -- Today, Government Technology Magazine selected HData, an innovative RegTech company, for the GovTech 100 list, which features the top 100 companies contributing significantly to the government technology landscape. HData is recognized for simplifying the processes of filing, exploring, and analyzing Federal Energy Regulatory Commission (FERC) data. Leveraging the power of Artificial Intelligence (AI) and automation, HData has revolutionized the management of thousands of pages of data, previously burdensome, manual, and error-prone. The result is a wealth of intelligent insights that empower analysts to perform their roles confidently.
“Being recognized by GovTech 100 as a top innovator in the government technology space further enhances our commitment to transforming how the regulated energy sector works,” said Hudson Hollister, founder and CEO of HData. "Our technology allows energy professionals to quickly and easily gain insights from FERC data, furthering their work and enhancing the sector as a whole."
