Nationwide is expanding its venture capital investment fund to $350 million directed toward high-growth potential insurtech and fintech startups, the company announced last week. The funding will be directed into high-growth potential insurance and financial service startups that advance Nationwide’s strategy in digital infrastructure, home solutions, retirement products, small and medium-sized businesses, telematics and fleet […]
The Global Insurance Accelerator announced seven insurtech startups joining the accelerator’s 2021 cohort. Based in Des Moines, the GIA will open this year’s 100-day program virtually on Jan. 19, the accelerator announced on Wednesday. “The startups selected as part of our 2021 cohort have solutions for all lines of business which, with time, dollars, and development, […]
BrokerTech Ventures announced four new company partnerships for the broker-centric accelerator program Tuesday, including one West Des Moines-based company. Merchants Bonding Co. joins 12 other regional brokerage partners in the U.S. who participate in the BrokerTech Ventures Accelerator to support mentoring, distribution, access to capital and brand exposure to brokerage-centric fintech startups. Invitations to 2021 […]
Dwolla is releasing Drop-In Components, a new low-code offering designed to shorten the development time on customers’ payment integration services, the company announced on Tuesday. When a business uses a payment API for online transactions, sensitive user information must be provided to the business to create an end user account with the business. Drop-in Components […]
BrokerTech Ventures is launching the first step in international expansion with a partnership between the BrokerTech Ventures U.S. Accelerator and the newly formed Israeli InsurTech Accelerator, based in Tel Aviv. The accelerator will use BrokerTech Venture’s accelerator program to help local Israeli insurtech supporters build its own regional accelerator, while developing a connecting bridge between Israeli […]
Des Moines-based BrokerTech Ventures and founding company Holmes Murphy closed a co-leading funding effort to raise $4 million in capital for Highwing, a Denver-based insurtech company focused on changing data processing and management for brokers and carriers. Commercial insurance is expected to reach $900 billion by 2021. Highwing intends to use the $4 million in […]
Applications are open to broker-focused startups for the Des Moines-based BrokerTech Ventures Accelerator’s 2021 program, the accelerator announced Oct. 29. The accelerator offers more than $500,000 in seed funding, up to $50,000 each to accepted startups. Submission deadlines for BrokerTech Ventures Accelerator is Nov. 30; selected startups will be notified in early February 2020. The […]
Oscar, a New York City-based health insurtech company, announced it has partnered with MercyOne health system to offer Oscar’s individual and family health insurance plans in 23 counties in Iowa beginning in 2021, pending regulatory approval. These health plans are anticipated to be sold on the federal health insurance exchange, with coverage to begin on Jan. 1. […]
A new product launched by Dwolla this week allows businesses fast payouts to customer debit cards, the company announced. The Push-to-Debit payment functionality for Dwolla customers allows businesses to access a programmable payments infrastructure for bank-to-bank transfers and offers a disbursement option for payments to be sent to a user’s debit card. More information is available […]
Registration is open now for the 2020 InsurTech Week, hosted virtually this year by the Global Insurance Accelerator on Oct. 12-16. Founders from 28 previous GIA cohort companies and 20 selected growth-stage companies will be highlighted during the week through the Hopin virtual event app, which will host live presentations, breakout room demos, virtual booths […]