CoverGo Raises US$15M in Series A Funding

George Majdalani, Rakan Abunayyan, Tomas Holub

CoverGo, Singapore-based supplier of a SaaS, no-code insurance coverage platform P&C, well being, and life, raised $15M in Series A funding.

Middle East insurance coverage fund Noria Capital joined as one of many strategic traders.

The firm intends to make use of the funds to speed up progress, and increase its enterprise attain.

Founded by Tomas Holub (CEO), CoverGo supplies a no-code insurance coverage platform adopted by a rising variety of P&C, well being and life insurance coverage firms and rising insurtech firms throughout the globe to construct and launch all varieties of insurance coverage merchandise inside days, develop omni-channel distribution and digitize coverage admin and claims. Clients embody AXA, Bupa, MSIG (MS&AD), Dai-ichi Life, DBS Bank, Bank of China Group Insurance and plenty of others.

The firm has not too long ago arrange its presence in the Dubai International Financial Centre (DIFC) and have become a part of DIFC FinTech Hive, a monetary know-how accelerator in the Middle East, Africa and South Asia area. CoverGo’s growth in the Middle East is led by newly appointed Regional Director George Majdalani.



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