Embea, a Berlin, Germany-based provider of an embedded life insurance platform, raised €4M in Seed funding.
The round was led by Atlantic Labs, with participation from Jamie Hale, Daniel Khachab, and Michael Cassau.
The company intends to use the funds to expand its pan-European platform and add new insurance products to its portfolio.
Led by CEO Dr Johannes Becher, CPO Dmitry Muzhikov, and COO Leopold Jedina, Embea is an embedded insurance company that enables digital banks and other fintechs to enhance their platforms by offering life insurance and creating an additional revenue stream. Integration is completed within days, thanks to a customizable, no-code embedded checkout technology.
Commenting on the news, Dr Johannes Becher said: “We are delighted to have secured this funding showing that the future of InsurTech is far from dead. By taking life insurance embedded, we enable underserved groups to access existential coverage while helping our partners to generate additional income.“
FinSMEs
20/02/2024