FinTechFunding

Arbol: Closes Nearly $6M Series A Funding

  • Arbol Inc., a New York-based InsurTech company, closed a nearly $7m Series A funding
  • Backers included Finch Finance LLC and Space Capital, and Mubadala Capital-Ventures
  • The company intends to use the funds to continue to expand operations and its business reach
  • Led by Sid Jha, founder and CEO, Arbol is an InsurTech platform for parametric products that pay quickly and fairly covering external risks such as unexpected weather
  • The company uses Big Data, machine learning, and smart contracts to bring transparency and efficiency to the weather risk market
  • Its platform facilitated hundreds of deals for institutional clients representing more than $15 million in notional risk over its first eight months of live transactions
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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