Akad Seguros, a digital insurance company secures $22.5Million in Series A Round Funding.Leading the round was Valour Capital Group, with Actyus, Across, Endeavour Scale-U p Ventures, and Endeavour Catalyst also participating.
The money will be used by the business to grow both its operations and growth initiatives. Under the leadership of CEO Danilo Gamboa, Akad is a digital insurance provider that covers financial and property hazards in addition to providing coverage for service providers and bikers.
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The Superintendence of Private Insurance (SUSEP) has granted Akad permission to conduct business in the expanding personal insurance sector, which is already worth more than R$60 billion.
Offering brokers and partners a wider selection of goods and solutions is the goal, with technology being used to consistently elevate the calibre of services provided.
Danilo Gamboa said: “The experience of these investors will contribute greatly to our exponential growth. This funding reinforces our ability to use technology intensively to offer increasingly better services to our partners.”
About Akad Seguros
Established in Brazil in 2012, Akad Seguros offers top-notch solutions for many market niches, including property, engineering, RD equipment, financial lines, civil liability, and transportation.
They are industry leaders in Bikes, Professional Civil Liability, and one of the major Transport insurers, with thousands of policyholders nationwide and a network of over fifteen thousand brokers.
