It is actively pursuing potential business opportunities
Zego has secured support from venture capitalist debt provider Triplepoint in the form of a credit facility. The amount has not been disclosed.
It gives the insurtech “an efficient source of quickly accessible capital in a fast growth environment.”
Sten Saar, Zego’s chief executive and co-founder said the firm is expanding quickly and it is “actively pursuing new business opportunities in the wider insurance space.”
It follows the firm announcing its international expansion last September.
He explained: “We are frequently contacted by potential customers asking for products that are not currently available on the market or are not well suited to customers’ needs.”
The insurtech’s products are underwritten by Munich Re, Trans Re and Aviva.
It was founded in 2016 and its products cater to a niche market in the freelance and short-term working space.
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