back Back

Akur8 raises another $25m and introduces new investor FinTLV

By Gloria Methri

September 04, 2023

  • Akura8
  • BlackFin Capital Partners
  • FinTech Investment
Share

Akura8, FinTLV, Transparent AI, Insurance, FinTech Investment, InsurTech, UK, Israel Akur8, the next-generation insurance pricing solution powered by Transparent AI, has closed a new funding round of $25 million, bringing its total funding to over $60 million.

This latest investment round closed four years after Akur8 first commercialized its platform and introduced a new investor, FinTLV. Besides FinTLV, Guidewire Software, Inc. is also investing in this round, together with historical investor BlackFin Capital Partners.

As Akur8 and FinTLV embark on this journey together, the companies will kick off their collaboration with a joint in-person event in Tel Aviv on September 4. This event will gather 120 actuaries from Israel’s insurance industry and will be part of the InsurTech Israel 2023 Global Summit, a networking event for global insurance industry experts, serving as an ideal platform to foster this new partnership.

‍“This latest milestone will enable us to accelerate the transformation of insurance pricing even further, fuel our growth in key markets such as the US and APAC, and equip P&C and health carriers with a state-of-the-art, integrated pricing solution that we have been building and refining tirelessly,” stated Brune de Linares, Chief Client Officer at Akur8.

‍“To further enable and enhance our capabilities, we recently conducted a new fundraising to bring additional strategic partners to the table. FinTLV Ventures, a leading global venture capital firm with an extensive network investing in top InsurTech and FinTech companies, chose to invest in Akur8 – a powerful endorsement of our immediate and future potential,” said Samuel Falmagne, CEO of Akur8.

Gil Arazi, Managing Partner at FinTLV said, “We take pride in investing in only the top InsurTech companies in the industry, and Akur8 has proven again and again that their powerful insurance pricing software stands above the rest.”

Previous Article

September 04, 2023

PayNearby & Grameen Foundation India team to upskill rural SMEs

Read More
Next Article

September 04, 2023

Emirates NBD makes a strategic investment in SaaS firm Komgo

Read More













IBSi Daily News Analysis

Embedded Finance

September 29, 2023

Akura8

Banking is becoming byte-sized with rise of Embedded Finance, Temenos study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

September 29, 2023

AMLYZE selected by KREDA as compliance software provider

Read More

September 29, 2023

Marstone and Jack Henry partner to boost digital wealth experience

Read More

September 29, 2023

Flutterwave & Capgemini to launch engineering mobility program in India

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023