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iLife Technologies rebrands as Infras to expand insurance infrastructure solutions


iLife Technologies, a leading technology provider in the insurance industry, has officially rebranded as Infras following a period of significant growth for the firm. The move signifies the company’s evolution beyond life insurance as it looks to deliver headless connectivity infrastructure that enables insurance carriers to seamlessly integrate with any distributor user interface without extensive redevelopment, according to InsurTech Insights.


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Edenred launches virtual card solution to accelerate insurance claims payouts


Edenred Payment Solutions, a UK-based e-money institution, has launched a new Virtual Card Number product designed to help insurance companies speed up claims payments. Insurance claim processing has traditionally been slow, with claimants often waiting weeks for reimbursements, according to Insurtech Digital. Research from Sollers Consulting and Ipsos reveals that 63% of UK insurance customers prioritise


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InsurTech leader Peak3 secures $35m to drive European expansion


Peak3, a global InsurTech company specialising in cloud-based insurance solutions, has raised $35m in a Series A funding round to accelerate its expansion across the UK and European markets. The funding round, which will support Peak3’s ambitious growth plans, was backed by investors keen to drive digital transformation in the insurance sector. The company has


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Pioneer Insurance partners with Sapiens to drive digital transformation in the Philippines


Pioneer Insurance has chosen Sapiens to enhance its digital transformation efforts in the Philippines. The collaboration will see Pioneer leverage Sapiens Insurance Platform to accelerate digital transformation and enhance customer experience. The partnership marks a significant step for Pioneer as it aims to modernise its operations, scale its capabilities, and embrace digitalisation. By implementing Sapiens’


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FinTech startup SparkReceipt secures investment from Trind Ventures for global expansion


SparkReceipt, a pre-accounting software provider based in Finland, has secured investment from Trind Ventures. The funding round, which remains undisclosed, also received support from the European Union under the InvestEU Fund and Business Finland. The company provides AI-powered pre-accounting software designed to simplify bookkeeping for micro-businesses, with operations spanning nearly 100 countries. The platform automates


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Venn bags $21.5m in Series A to transform Canadian business banking


Venn, the newly rebranded Canadian financial platform formerly known as Vault, has successfully secured $21.5m in Series A funding. The round was led by Left Lane Capital, featuring contributions from XYZ Venture Capital, Intact Ventures, and Gradient, signalling strong investor confidence in Venn’s mission to transform business banking in Canada. Founded by former Revolut employees


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BriteCore unveils new vendor integrations to transform P&C insurance operations


BriteCore, a provider of cloud-native core insurance platforms for property and casualty insurers, has expanded its Solution Partner Marketplace. This enhancement introduces five new vendor integrations, marking a significant stride in BriteCore’s ongoing effort to equip insurers with cutting-edge technology solutions and increased flexibility in underwriting accuracy, claims processing, and overall operational efficiency. BriteCore’s core


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CredCore raises $16m to accelerate AI-driven credit investing and management


AI-powered credit investment platform CredCore, which specialises in transforming debt capital markets for lenders and borrowers, has secured $16m in a Series A funding round. The round was led by Avataar Ventures, with additional backing from Inspired Capital, Fitch Group, BellTower Partners, and senior executives from asset management and financial services. CredCore is tackling inefficiencies in


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Trucordia acquires CADA Insurance Services to expand footprint in Louisiana


Trucordia, a leading insurance provider with a team of 5,000 professionals, has announced the acquisition of CADA Insurance Services’ insurance business, further strengthening its presence in Louisiana. The acquisition is part of Trucordia’s strategy to integrate businesses with strong growth potential in key industries and markets, according to InsurTech Insights. By bringing CADA Insurance under


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Qantev and InsureMO announce partnership to revolutionise global insurance services


Qantev, a leading AI claims platform, has partnered with InsureMO to enhance the efficiency of global insurance services. The collaboration integrates Qantev’s AI-driven solutions with InsureMO’s platform to optimise data transfer and streamline operations across the insurance ecosystem. This move is aimed at optimising the insurance process by enhancing the seamless transfer of data and


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Highnote clinches $90m in Series B to revolutionise U.S. merchant acquiring


Highnote has recently announced the closure of a $90m Series B coupled with the launch of its new merchant acquiring solution. The financing was spearheaded by Adams Street Partners and saw contributions from existing backers such as Oak HC/FT, Costanoa, WestCap, and Pinegrove Venture Partners. The company, known for its innovative financial technology solutions, operates


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WiseAlpha launches UK’s first high-yield corporate bond ISA for retail investors


WiseAlpha has introduced the UK’s first-ever dedicated High-Yield Corporate Bond Innovative Finance ISA (IF ISA), providing retail investors with unprecedented access to corporate bonds. This move allows individuals to invest in high-yield corporate bonds within a tax-efficient ISA framework, a market previously exclusive to institutional investors. The corporate bond market has historically been inaccessible to