Marshmallow received an investment of $ 90 million over 2 billion dollars valuation

Operating in the field of insurance technologies Marshmallow, Exceeding $ 2 billion through a valuation 90 million dollars received investment. The company’s $ 90 million investment tour Portage Capital led. UK -based Marshmallow’s investment tour BlackRock ve Columbia Lake Partners took part. Also among the company’s previous investors Passion Capital, Investec ve ScorLet us remind you that there is.

Marshmallow, which was established in 2017, the total amount of investment received approximately 220 million dollars was. The company has announced its new investment to expand its financial services and insurance products to create a platform that offers a single-point service for newly arrived immigrants to the UK.

Marshmallow, twin brothers Oliver ve Alexander Kent-Braham software engineer with David Goaté was established by. The purpose of the establishment of the company is to provide fair, accessible and innovative insurance solutions to individuals who have not been sufficiently evaluated by traditional insurance companies such as immigrants or are accepted as high -risk.

Marshmallow develops artificial intelligence and data science -based models to achieve this goal, analyzing users’ history and risk profiles more accurately. Thus, it facilitates access to basic services such as vehicle insurance, especially by newly coming to the UK.

The services offered by the company are not limited to vehicle insurance, but also expanded to include financial services such as housing insurance and credit products. The company aims to present all the financial and insurance solutions they need to survive in the UK and integrate with the system under a single platform.

In parallel, we can say that Marshmallow’s business model is at the center of diversity, inclusiveness and social responsibility. Oliver Kent-Abraham, one of the founders of the company, emphasizes that migration is an economic and social opportunity and expresses that they aim to fill the gap in this field with technology.