Riskcovry
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Riskcovry - overview
Established
2018
Location
Mumbai, Maharashtra, India
Primary Industry
Insurance
About
Founded in 2018 and based in Mumbai, India, UMBO InsurDataTech Systems Private Limited trading under the name Riskcovry, operates as an insurance technology platform for enterprise customers that allows them to access relevant insurance products through a digital process of underwriting, policy issuance, claim settlement, and compliance. In January 2024, Riskcovry raised USD 4. 5 million in venture funding led by investor Morphosis Venture Capital, with participation from IIFL. The firm’s offerings include retail insurance, group insurance, credit-linked insurance, sachet insurance, and business/home insurance, all supported by an end-to-end API-led system.
Moreover, the firm offers configurable UI/UX options and manage the issuance of insurance certificates with or without insurer APIs. The company intends to use the January 2024 funding to move closer to profitability and ultimately wrap up its series B fundraising round.
Current Investors
Better Capital, Varanium Capital, Bharat Inclusive Seed Fund
Primary Industry
Insurance
Sub Industries
Claims Administration & Processing, Commercial Insurance, Insurance Intermediaries, Personal Insurance, Multimedia & Graphics, Customer Relationship Management, Application Integration Software, Analytics & Performance Software
Website
https://riskcovry.com/
Verticals
Cloud Computing, InsureTech
Company Stage
Series A
Total Amount Raised
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