The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 10/23/21 featuring funding details for Deel, HyperProof, Openprize, Rippling, and twenty-six other rounds that you need to know about.
Digital wallets have decentralized transactions across a variety of use cases and resulted in simplicity for consumers, with a sole point to manage their finances. 92% of Americans have some form of personal insurance yet there has not been a digital wallet solution for the insurance industry. Marble is a free digital wallet for consumers to manage all their insurance policies in a single place. The startup also offers rewards (up to 5%) for premium payments, saving consumers money. The insurance industry has been extremely competitive with digital-savvy consumers armed with comparison tools to save money on their premiums that are willing to jump carriers more so than ever before. In 2019, 48% of auto insurance holders said they would “definitely renew” with their carrier. That’s down from 59% in 2004. With carriers facing these challenges in retention and looking to attract the next generation of insurance buyers, Marble’s rewards platform increases loyalty and overall customer satisfaction. The company is in beta and plans to accommodate insurance policies from any carrier next month. AlleyWatch caught up with CEO and Founder Stuart Winchester to learn more about the company’s launch, the state of the insurance market, and the company’s seed funding round from investors that include IA Capital Group, MS&AD Ventures, Reciprocal Ventures, Fintech Ventures Fund, The Takoma Group, and HU Investments.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/10/2021 featuring funding details for Marble and much more. This page will be updated throughout the day to reflect any new fundings.
With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of a few of things that you may have missed in NYC Tech News for the week ending 5/4 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for THE WELL, […]