Tag: Consumer platforms

As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.

InsurTech Lula has raised $35.5m in a Series B funding round following a massive surge in customers. 

InsurTech giant Acturis Group has acquired Broker Buddha as it looks to enter the US market.