Thursday, November 21, 2024
8.4 C
New York

Luko: Raises €50M in Series B Funding

  • Luko, a Paris, France-based insurtech company that prioritizes social responsibility when protecting homes, raised €50m in Series B funding
  • The round was led by EQT Ventures with participation from existing investors
  • The company intends to use the funds to further invest in proprietary technology, product development, and the team
  • Since launching in 2018, the founders have assembled a team of 85 people with diverse skills and experiences from leading organizations
  • Luko provides a refreshing take on property insurance for renters and homeowners alike
  • Luko is now the leading French neo-insurer with more than 100,000 policyholders and pan-European expansion plans

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost

Workforce Reductions: TrueLayer, an open banking payments company...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img