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Mile Auto: Raises $10.3M in Seed Funding | Fintech InShorts: Latest fintech news, analysis by experts

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Mile Auto: Raises $10.3M in Seed Funding

By Steve Sam

May 26, 2021

Mile Auto Raises $10.3M in Seed Funding

Mile Auto, an Atlanta, GA-based insurtech company, secured $10.3m in seed funding
Backers included Ulu Ventures, Emergent Ventures, Thornton Capital, and Sure Ventures
The company intends to use the funds to expand availability of its insurance offering to half of the U.S. auto insurance market by the end of 2021
The company uses computer vision and decision analytics to collect and validate odometer data without the need for extra hardware
Currently, The platform is available in Arizona, Georgia, Illinois and Oregon, with plans to expand into additional states within the next six months
The company also announced a partnership with Ford Motor Company for Ford owners to get auto insurance

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Singapore-based fintech start-up WSPN bags $30m seed funding

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ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform

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