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By Destacado

Habit raises €5.2 million to accelerate momentum globally

November 2022 EMERGING TECH Habit raises €5.2 million to accelerate momentum globally SixThirty, BiG Start Ventures, Iberis and Bright Pixel Capital – Sonae composed a €5.2M financing round to expand Habit’s capacity and keep the accelerated growth of their embedded insurance product in Europe and Latam. Habit is the only platform which includes a single insurance distribution API and an Orchestration Engine which, independently of the insurer and insurance product, provides distribution partners with full control over the policy lifecycle as well as offloads major IT effort and, enabling an incredible fast go-to-market. Habit has a significant focus in Telcos, having its platform certified and ready to integrate with telco’s existing IT infrastructure, allowing advanced features such as contextual sales (leveraged by telco’s core data) or high premium collection rates, by instructing the telco’s billing systems when and to whom charge which premium. "Habit played a very important role in...
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