5 years ago

Nayms Secures £1.5M Seed Funding to Provide Insurance for the Digital Asset Ecosystem

  • London-based insurtech startup Nayms has raised £1.5 million in a seed funding round led by XBTO

  • The company will use the funding to launch larger pilot programs, build its customer base, and work on capital market integrations

  • Nayms provides cover for crypto-related risk using smart contracts and aims to bring insurance to the 96% uninsured segment of the market.

      • ProblemFinancial Services

      "The cryptocurrency market lacks adequate insurance coverage, leaving a significant portion of assets uninsured and vulnerable to risks."

      Solution

      "Nayms provides digital insurance specifically designed for cryptocurrency assets and risks, using smart contracts and cryptocurrency collateralization to offer coverage."

      Covered on