12 January 2024

hyperexponential Raises $73M in Series B Funding

Written By FinTech Alliance in InsureTech

hyperexponential Raises $73M in Series B Funding

hyperexponential, a London, UK-based leader in pricing decision intelligence (PDI) software, closed its $73m Series B funding round.

In breif:

- Led by Amrit Santhirasenan, CEO, hyperexponential serves insurance and reinsurance companies in the multi-trillion-dollar global property-casualty insurance industry.

- The company intends to use the funds to expand into the United States, as it targets opening its New York office this year.

- The hx Renew platform enables customers like Convex and Conduit Re to sharpen their competitive edge with enhanced agility, efficient risk transfer, and aggregate loss avoidance.

What does this mean?

“We’ve focused on building a capital-efficient, independent business that was both high-growth and sustainable from the outset. Although we have more cash-on-hand than we’ve raised, we wanted to bring on new expertise in our target markets as we continue our growth into new verticals and geographies,” said hyperexponential co-founder and CEO Amrit Santhirasenan.

Read more here.

Up Next ...
21 November 2024

Nubank Explores Legal Domicile Shift to the UK Amid Regulatory Changes

The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms

21 November 2024

Machine Learning: Revolutionizing Fraud Detection in Banking

These technologies enable financial institutions to analyze vast amounts of transaction data in real-time, identify suspicious activities, and minimize false positives...

21 November 2024

MeaWallet Partners with Integrated Finance to Enhance Digital Wallet and Secure Card Data Access for Fintechs

The collaboration is set to strengthen digital wallet payments and secure card data access capabilities for fintechs

20 November 2024

Atome Financial Secures $200M Credit Facility to Drive Growth

Atome plans to use the funds to strengthen its technological capabilities and grow its market presence, particularly among underserved, young consumers...

More in InsureTech

Juniper Raises £1.5mn in Pre-Seed

21 February 2024

Juniper, a London, UK-based reproductive healthcare insurance provider, raised £1.5mn ...

InsurTech startup Cake secures $1.3mn

19 February 2024

Cake, a transactional marketplace designed for independent insurance agents.In brief:- ...

Aviva partners with TechPassport for enhanced innovation

24 January 2024

TechPassport is extremely proud to announce their partnership with Aviva ...

Insurtech unicorn Zego launches business van insurance

17 January 2024

The tailored solution for van drivers sits alongside a range ...

White Papers InsureTech

InsurTech 2.0

20 December 2021

During the last decade (2010 – 2020) we observed the rise of the first InsurTech players. Fuelled by...

White Papers InsureTech

InsurTech: the new insurance model

20 December 2021

Thus whitepaper, Insurtech: The New Insurance Model, examines how insurtech is disrupting the tradit...

Case Studies InsureTech

THE OXBOW PARTNERS INSURTECH IMPACT 25

11 September 2020

SOME THOUGHTS FROM OUR 2020 REPORT The insurance industry is in flux: Winning the ‘digital...

Case Studies InsureTech

THE OXBOW PARTNERS INSURTECH IMPACT 25

11 September 2020

SOME THOUGHTS FROM OUR 2020 REPORT The insurance industry is in flux: Winning the ‘digital...

There are no Events in this category