NYC-based MIC Global secures US$6million in funding. Launchpad Capital led the round, with participation from Ironsides Partners, Greenlight Re Innovations, and current investors.
The money will be used by the business to expedite its growth objectives, which include hiring more people, expanding its market, and investing in infrastructure.
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Under the direction of CEO Jamie Crystal, MIC provides digital reinsurance solutions to a range of insurance and platform partners, giving people and small businesses access to the right safety nets in case anything unexpected happens.
Utilized and integrated into platform ecosystems, its microinsurance solutions provide value by strengthening the partner’s brand, setting their product apart, generating income, and drawing in and keeping clients.
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Jamie Crystal said: “We are pleased to welcome Launchpad Capital, GreenlightRe, and Ironsides Partners as strategic investors and partners to help fuel MIC Global’s continued growth as the preeminent embedded micro insurance provider. MIC is reimagining how insurance is bought and sold, and the additional capital will support the company’s global growth strategy with a focus on expanding our technology-enabled insurance platform to provide protection to people in both developed and emerging countries through our banking, mobile phone, digital/technology, insurance, and insurtech partners.”
About MIC Global
The first embedded microinsurance company with a global presence is MIC Global. To provide cutting-edge microinsurance to companies worldwide, they bring together scalable technology, underwriting capability, easy and pertinent products, and worldwide distribution through partner channels.
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