Tag: Metromile
InsurTech acquisitions gain momentum growing at a CAGR of 34.6% from...
InsurTech acquisitions have increased in popularity from 2016 to 2022 although incumbent insurers haven’t kept up with the market’s speed. David Wechsler, a principal...
Lemonade lays off surprised Metromile staff following acquisition
Shortly after its acquisition of car insurer Metromile, Lemonade reportedly laid off about 20% of the Metromile staff.
Lemonade completes Metromile acquisition
Lemonade, the digital insurance company that leverages AI technology has closed its acquisition of car insurer Metromile.
Lemonade sells Metromile’s Enterprise Business
Lemonade, the digital insurance company that leverages AI technology has sold Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform EIS.
Top FinTech mergers & acquisitions in 2021
During a time of greater market consolidation, FinTech Global takes a look back at some of 2021’s most notable mergers and acquisitions (M&A).
Lemonade acquisition of Metromile comes under scrutiny
Global investor rights law firm Halper Sadeh LLP has launched an investigation into whether the sale of Metromile to Lemonade is fair to Metromile shareholders.
Lemonade in Metromile take-over as it launches into car insurance
Lemonade, the insurance company that leverages AI technology, has entered into an agreement to acquire Metromile, a digital insurance platform based in the US.
‘Pay-per-mile’ InsurTech Metromile collects $90m in Series E
Metromile, a car insurance platform with a pay-per-mile model, has closed its Series E on $90m.
Metromile parks $103.5m for pay-by-the-mile car insurance
Pay-per-mile car insurance firm Metromile has landed $103.5m in a Series D round of funding. The capital comes from Canadian insurer Intact Financial and China Pacific Insurance (CPIC).