Wrisk, a London, UK insurtech company, raised £4.6M in funding.
The round was led by QBN Capital with participation from investors Guinness Asset Management and Cell Rising Capital.
The company intends to use the funds to expand operations and its business reach and further scale its platform.
Led by Nimeshh Patel, CEO, Wrisk has created a customizable platform for automotive, retail, telecommunications and other brands, to build mobile-first insurance experiences.
The company partners with insurance companies to provide the customers of automotive brands with mobile-first insurance at the point of sale.
Last month, Wrisk launched a flexible monthly subscription-based car insurance product allowing people to pay for the miles they drive – in partnership with the RAC, one of the UK’s most progressive motoring organisations.
Other partners include the BMW Group, the RAC, Allianz and Munich Re.