8 years ago

PremFina Secures $36 Million to Expand Insurance Financing Platform

  • PremFina, a London-based insurtech company, has raised $36 million in equity and debt funding led by Rakuten Capital and Draper Esprit Plc

  • The funding will be used to accelerate UK operations and international expansion

  • PremFina provides financing options for the purchase of insurance premiums and offers a white-labeled SaaS solution for insurance brokers.

      • ProblemFinancial Services

      "Traditional insurance brokers often struggle to serve customers who cannot afford to pay the upfront cost of insurance premiums."

      Solution

      "PremFina provides financing options for insurance premiums, allowing customers to pay in monthly installments. This makes insurance more accessible to those who may not have the upfront capital."

      Covered on