5 years ago

INSTANDA Secures $19.5 Million Series A Funding to Fuel Global Expansion

  • INSTANDA, a UK-based customer and policy management platform for insurers, has raised $19.5 million in Series A funding led by Assembly Capital Partners

  • The investment will support INSTANDA's international expansion in the United States, Europe, Asia, and Latin America

  • INSTANDA helps insurers overcome the drawbacks of legacy IT systems and embrace digital transformation, enabling them to reduce operating costs, increase revenues, and provide more personalized customer experiences

  • The company currently operates in 12 countries and has over 50 clients across all insurance lines and distribution channels.

      • ProblemFinancial Services

      "The problem INSTANDA is trying to solve is relying on monolithic, third-party IT systems that add layers of complexity, cost, and confusion, hindering innovation in the insurance industry."

      Solution

      "INSTANDA provides a customer and policy management platform that frees insurers from inflexible legacy tech and high-risk, high-cost change programmes, allowing them to embrace digital transformation and provide better insurance to more people and businesses."

      Covered on