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Insurtech firm INSTANDA

Insurtech firm INSTANDA brings up $19.5mn for global extension

The series A funding Round is taking the UK-based insurance entity INSTANDA to the next phase of its global extension.

INSTANT, a leading customer and policy evolution platform in the insurance sector has globally announced the realization of its Series A funding round. This round was directed by Assembly Capital Partnership. INSTANDA already operates across 12 nations along with 50 clients across the insurance cords.

Headquartered in the United Kingdom, the entity has workplaces/ offices in the USA, Japan, Chile and Australia. This investment round would support its international extension into the United States, Europe, Asia and Latin America.

Tim Hardcastle, INSTANDA founder, CEO, said that the insurance industry has evolved along the route since the coffee houses in the 17th century. There are many insurers, still being sure about IT systems that belong in the historical editions. INSTANDA was born out of a notion that technology promotes dynamism and innovation, not to restrict it.

“Customers are expecting much-personalised experiences day by day, inch by inch. INSTANDA insurers are better equipped to respond to such dynamism. As the industry’s prime no-code strategy to cover all cords of insurance, we’re formulating power back into the hands of product and business evolution teams and offering a seamless pathway towards digital adaptation whether via new products or migrating existing editions. 

Today’s fundraising acknowledgement is an important milestone that would help us give rise to better insurance to more people and livelihoods around the world.”

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