Lemonade lands $319m in IPO
The SoftBank-backed insurtech sold 11 million shares priced at $29 each.
The SoftBank-backed insurtech sold 11 million shares priced at $29 each.
The funding values the company at SEK342 million ($35.5 million).
Until this month, SoFi’s insurance offering was limited to life insurance.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
This week, news about challenger banks!
Insurance start-up is now eyeing the European market.
US insurance firm has “no intention of stopping at water’s edge”.
Lemonade says German firm copied its presentation and business model.
How financial services can be reimagined by an understanding of human behaviour.
“Every act of creation is first an act of destruction” – Pablo Picasso.
Time for a near total recall of the insurance scene in 2017.
Features Softbank, Lemonade, Amazon, Capital Float and Delio.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
“We’re opening up the Lemonade platform to the world!” says Shai Wininger, co-founder of Lemonade, a US-based insurtech firm.
Ask most people about their experience with insurance, grudge purchase par excellence, and they’ll say it leaves a bitter taste in the mouth. Enter Lemonade, the New York-based insurtech combining the power of artificial intelligence (AI) and an approach founded on behavioural economics and customer centricity to offer homeowners and renters protection with a difference.