7.5 C
London
Friday, March 29, 2024
HomeFinTechThreeFlow: Raises $45M in Series B Funding

ThreeFlow: Raises $45M in Series B Funding

Date:

ThreeFlow Raises $45M in Series B Funding

  • The round was led by Accel, with participation from existing investors Emergence Capital, Equal Ventures, and First Trust Capital Partners
  • The company intends to use the funds to continue scaling its Benefits Placement System and expand operations
  • Carriers use more consistent workflows to manage active or completed renewals and new business quotes, helping to increase new sales and retention
  • In the past year, premium transaction volume doubled to over $600M, with nearly $1B of premium under management, and broker contracts grew 250%
  • The company now has over 150 broker locations representing 7,600 employer clients, a 330% increase from last year

Related stories

Tide names former SVP George Schmidt as new regional CEO for UK and Europe

George Schmidt, formerly the senior VP of marketing...

UK paytech Volopa partners ClearBank to expand its SME banking services

London-based paytech Volopa has partnered with embedded banking...

Digital identity specialist Signicat acquires Icelandic counterpart SmartWorks

Signicat, a European provider of digital identity solutions,...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img