Wazoplus - South African Insurtech Startup, Root, Secures $1.5M for UK and European Expansion 🇿🇦

Benjamindada

South African Insurtech Startup, Root, Secures $1.5M for UK and European Expansion 🇿🇦

#insurance

#consumer markets

#funding

#insur-tech

South African insurtech startup, Root has secured $1.5 million in funding to expedite its expansion initiatives, building upon its success in its home market and beyond.

South African insurtech innovator, Root, has raised $1.5 million in additional funding to drive its ambitious growth plans in the UK and Europe. 🌍

Root simplifies the insurance landscape through user-friendly APIs, empowering companies to create, market, and manage digital insurance products. The investment, led by Invenfin, the venture and growth capital arm of Remgro, supports Root's expansion into the UK and broader European markets, tapping into the increasing demand for innovative insurance solutions. 📈

Co-founder Louw Hopley expressed gratitude for Invenfin's continued support, emphasizing their trusted partnership as they scale up internationally. Root's vision centers on embedded insurance, enabling companies to offer accessible, contextual, and affordable insurance solutions. With this funding, Root is set to disrupt the insurance industry further as it extends its operations into new territories.

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