Mr. Alex Baluta reports
FLOW CAPITAL ANNOUNCES AN INVESTMENT IN WRISK
Flow Capital Corp. has closed an investment in Wrisk Ltd., a B2B2C (business-to-business-to-consumer) insurtech provider with a current focus on the motor insurance space. Wrisk offers an embedded white-labelled insurance platform to enterprise customers for pricing, distributing and managing insurance products.
Flow's investment will help Wrisk accelerate its commercial activities, continue its growth within the United Kingdom and European markets, and further its global expansion efforts.
Wrisk maintains strong partnerships with global auto OEMs (original equipment manufacturers) and insurance carriers. Its platform can be offered as a fully managed MGA service to U.K. clients or can be licensed to insurance companies and enterprise partners directly in the U.K. or globally. The perpetual insurance platform is unique in the U.K. and enables Wrisk to deliver a true subscription proposition.
About
Wrisk
Wrisk is a digital-first insurance business that works with automotive brands to shape the future of their customers' mobility and insurance experiences. Wrisk has created a customizable platform that empowers leading brands to build frictionless, mobile-first insurance experiences.
About Flow
Capital
Corp.
Flow Capital is a diversified alternative asset investor and adviser, specializing in providing minimally dilutive capital to emerging growth businesses.
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