Insly, a London, UK-based provider of a low/no-code software platform for insurers, insurance brokers and Managing General Agents (MGAs), raised £1.5M in Venture Debt funding.
Hambro Perks provided the financing.
The company intends to use the funds to scale up its products, marketing and accelerate growth.
Led by Risto Rossar, Founder and CEO, Insly has provided full-cycle low/no-code insurance software for MGAs and insurance companies since 2013. It delivers a scalable solution for C-Suite employees and underwriters looking to launch and distribute new products. Additional services like accounting, reporting, and claims management tools further enhance the platform’s capabilities for streamlining and optimising insurance selling and admin processes.
In the last ten years, Insly has grown to a team of 100, with offices in Tallinn (core development unit), London (HQ), Vilnius, and Warsaw. It serves over 1,000 brokers, MGAs, and insurers, with over 15,000 users. Its customers span 52 countries around the globe.
FinSMEs
07/11/2023