Friday, November 22, 2024
8.6 C
New York

Zelros: Closes $11M Series A Financing

  • Zelros closed an $11M Series A financing round, bringing the total funding to date to $16.5M
  • The round was led by BGV with participation from ISAI Cap Venture and Plug and Play and historical investors HI INOV, 42CAP and astorya.vc
  • The company will also use the funding to scale operations across Europe and expand into North America, strengthening its position in the insurtech space
  • Zelros also provides an AI business platform that offers insurers, bancassurers, and policyholders a personalized way to distribute and receive products and services
  • Zelros, which has 50 employees, currently works with 15 of the leading insurance providers in Europe
  • The company will relocate and launch its Montreal-based North American headquarters in Q3 2021

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,...
Exit mobile version