{"id":7332,"date":"2019-10-21T11:46:33","date_gmt":"2019-10-21T11:46:33","guid":{"rendered":"https:\/\/fintech.global\/digitalwealthtechforum\/?p=7332"},"modified":"2019-10-21T14:01:02","modified_gmt":"2019-10-21T14:01:02","slug":"verifly-closes-funding-round-to-support-rebrand-to-thimble","status":"publish","type":"post","link":"https:\/\/fintech.global\/digitalwealthtechforum\/verifly-closes-funding-round-to-support-rebrand-to-thimble\/","title":{"rendered":"Verifly closes funding round to support rebrand to Thimble"},"content":{"rendered":"<p><strong>Verifly, which offers short-term liability coverage for small businesses and independent workers, has rebranded to Thimble.<\/strong><\/p>\n<p>Alongside the rebrand, the company has closed a $22m Series A to support its expansion plans.<\/p>\n<p>IAC led the investment round, with participation also coming from previous Verifly investors Slow Ventures, AXA Venture Partners, and Open Ocean.<\/p>\n<p>The rebrand to Thimble will allow the company to expand from a leader in drone insurance to a full partner for all modern workers and small business. There is protection on Thimble for more than 100 job types and is in operation across 48 US states.<\/p>\n<p>Thimble offers flexible insurance policies for small businesses in the gig economy. Its protections span a variety of jobs across events and entertainment, freelancers and consultants, cleaners, builders, landscapers, beauty, fitness, pet sitting, and drone operators.<\/p>\n<p>The InsurTech is on track to sell 100,00 policies by the end of the year, according to the company. Additionally, 75% of its customers are new to business insurance, showing how the platform is meeting the underserved marketplace.<\/p>\n<p>Markel managing director Scott\u00a0Whitehead said, \u201cBy breaking down barriers and leveraging technology, Thimble is doing more than bringing traditional policies online &#8212; it is leading the charge to better match insurance needs to the modern worker and delivering it in a way that will make insurance more like other industries.<\/p>\n<p>\u201cThe insurance industry generates over $100 billion of small business premium in the US alone, and that\u2019s without the 40 percent of sole proprietors who do not currently purchase business insurance.\u201d<\/p>\n<p>Copyright \u00a9 2019 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Verifly, which offers short-term liability coverage for small businesses and independent workers, has rebranded to Thimble. Alongside the rebrand, the company has closed a $22m Series A to support its expansion plans. IAC led the investment round, with participation also coming from previous Verifly investors Slow Ventures, AXA Venture Partners, and Open Ocean. The rebrand&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/digitalwealthtechforum\/verifly-closes-funding-round-to-support-rebrand-to-thimble\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":7333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/posts\/7332"}],"collection":[{"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/comments?post=7332"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/posts\/7332\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/media\/7333"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/media?parent=7332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/categories?post=7332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/digitalwealthtechforum\/wp-json\/wp\/v2\/tags?post=7332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}