Percasyo Inform, a Nottingham, UK-based insurance data intelligence provider, raised £2.7M in funding.
The round was led by Neil Utley and existing investor Praetura Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by Rich Tomlinson, Managing Director, Percayso provides insurance intelligence services offering, real-time solutions at all stages of the insurance lifecycle and delivering insight into insurance customers, risk and fraud.
Following the investment led by Praetura Ventures in March last year, the company extended its proposition to deliver a full quote intelligence suite. Its technology aggregates data from many different sources, allowing intelligence to be accessed with an API call at significant volume, while its platform and advanced tech allows insurance providers to take control of their own strategies and deployment by enabling rules and models to be used in their own environments via a SaaS model.
This year, the company also acquired Cazana, now branded Percayso Vehicle Intelligence, to increase its footprint across the UK motor insurance market.
The client base includes Ageas, Covea, Direct Line, Markerstudy, Somerset Bridge, and The AA.
FinSMEs
27/07/2023