insurtech
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Neobanks and InsurTech startups among the 23 FinTechs raising money last week
Neobanks and InsurTech startups among the 23 FinTechs raising money last week Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week. Can traditional banks compete with Fintech? Big banks are losing money on the average consumer, who gets turned off by unexpected fees and penalties. The customer acquisition costs of running a bank are so high that it is difficult for any bank to be profitable on the average bank account.…
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InsurTech 100 company Bold Penguin acquires Xagent
InsurTech 100 company Bold Penguin acquires Xagent Bold Penguin, an InsurTech 100 company, has acquired xagent, a multi-quote platform for standard and surplus lines business insurance. The Reinventing Finance Podcast – Episode 10 with Chris Cheatham, VP of Product at Bold Penguin Chris Cheatham – the Luke Skywalker of Insurance Policies – is the Vice President of Product at Bold Penguin, where he helps lead the Insurance Intelligence division. He has been working in insurance since 2006 and founded the…