’This funding is already powering our new business development and partner onboarding in the UK and US markets,’ says chief executiveEmbedded insurance insurtech Kayna has raised €1m (£867,200) in a pre-seed funding round, a statement released yesterday (20 September 2023) revealed. The funding round was co-led by Ireland based venture capital firm Delta Partners and financial services and technology venture capital company Middlegame Ventures. Prendergast said that vertical SaaS had “embraced embedded fintech through payments and capital lending”. Maurice Roche, general partner at Delta Partners, said part of the reason it had helped lead Kayna’s funding round was because it saw a “significant global market opportunity”. ”The team are proven, successful insurtech innovators and the Kayna solution is outstanding.

Source: The Times September 21, 2023 13:21 UTC