2 years ago

Diesta Secures £1.5 Million to Automate Insurance Premium Payments

  • London-based insurtech startup Diesta has raised £1.5 million in a funding round to scale its automated payments platform for the insurance industry

  • The platform aims to reduce the costs associated with processing premium payments, which amount to an estimated $32 billion annually for insurance firms

  • The funding round saw participation from investors such as Restive, SixThirty, Antler, SystemaNova, and Westerly Ventures

  • Diesta plans to use the investment for product development and expansion in the UK market.

      • ProblemFinancial Services

      "Insurance firms spend billions annually allocating premium payments due to inefficient legacy systems."

      Solution

      "Diesta offers an automated platform for insurance premium payment processing, reducing costs by up to 75% and streamlining reconciliation and distribution."

      Covered on