Insurtech Startup Onsurity Completes $45M Series B Round with Creaegis
Significant Funding for Onsurity
Insurtech startup Onsurity completed its $45 million Series B round last week, led by private equity fund Creaegis. This funding round saw the participation of existing investors, including International Finance Corporation. The company, which specializes in serving small and medium enterprises (SMEs), had previously raised an initial tranche of this funding last October.
Plans for Capital Utilization
In a press note, the Bengaluru-based company highlighted its intentions for the raised capital. Onsurity plans to launch new digital products and services, which will significantly improve financial solutions available to Indian SMEs. In addition, the company aims to enhance its tech capabilities, streamline claims experiences, and develop completely digital greenfield products. This commitment aligns with Onsurity's goal of being a 100% paperless insurtech.
- Elevating customer experience
- Strengthening partnerships within the BFSI ecosystem
- Reaching a broader SME audience
Through these strategic moves, Onsurity intends to reshape how SMEs access insurance services, promising a new era of digital transformation in the insurtech sector.
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