Insurtech Startup Riskcovry Gets $4.5 Million In Bridge Round

Jan 08, 2024•almost 2 years ago

Amount Raised

$4.5 Million

Round Type

seed

MumbaiSoftware Development

Description

Insurtech startup Riskcovry has raised around $4.5 million in a bridge round of funding led by Dubai-based business-to-business fund Morphosis Venture Capital. Indian financial services player IIFL also participated in this round. The round has a small secondary component which offered liquidity to some of its employees and exit to early investors.

Company Information

Company

Riskcovry

Location

Mumbai, Maharashtra, India

About

We are building a 'financial infrastructure' stack for insurance distribution in India. As an "Insurance-in-a-Box" for any company, we enable any insurance product from any insurer across any customer engagement channel, holistically and seamlessly. Our customers range from mainstream distributors like Banks, NBFCs, Brokers, etc., to alternative players who are new to insurance distribution like retail, payment networks, BCs, digital, telecom, fintech, tech startups, etc. For such alternative distribution partners, we not only help you to start your digital distribution journeys but work with you as your partners to accelerate your insurance distribution growth.

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Insurtech Startup Riskcovry Gets $4.5 Million In Bridge Round

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