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The Insurtech Company Wrisk, based in Great Britain, has completed a round of $ 12 million (USD 16.3 million) financing round to support its strategic vision and to advance the expansion.
The financing round was led by Mundi Ventures, Opera Tech Ventures and the BNP Paribas risk capital arm with the participation of existing investors QBN and Volution.
After their investment, both companies will use positions in the WRA board of Directors.
The data -controlled platform from Wriisk, which was developed for automobile brands, enables embedded and brand insurance experiences over the entire owner life cycle by citing renewals and demands in an optimized digital journey and are binding.
Nimeshh Patel, CEO from Wrisk, said: “Our approach to innovation with a focus on extraordinary user experiences has attracted and kept recognizable partners worldwide, which demonstrated the value in our suggestions.
It has also aroused a considerable interest in investment, and we are now welcome Mundi Ventures and Opera Tech Ventures on our board, companies that match our strategic ambitions.
“This financing is a confirmation of the VIRISK vision, as we want to deny ourselves to accelerate the British and European growth, improve our data and intelligence functions and scale our partner programs to change how insurers and automobile brands are connected to their customers.”
Wriks technology is currently employed by several car manufacturers, including BMW, Mini, Volvo, Mercedes-Benz, Jaguar Land Rover and Stellantis.
The company is now focusing on expanding its business throughout Europe and has set up a commercial team in Munich.
In addition, Wrisk has received the regulatory licenses for operation in European markets that support both the acquisition of the customer and the scaling of existing British partnerships.
The platform of WRIISK integrates real -time data from various sources such as insurance documents, vehicle information, financial transactions and customer behavior.
The integration is made possible by the proprietary embedded data framework from Wrisk, which was developed for Automobil Original equipment manufacturers (OEMS).
With regard to the future, the company is aiming for cooperation with OEMs, financial companies and insurance partners to improve portfolio and to offer more personalized customer service experiences.
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