Fintech Open raises A$31m

Tue, 31 Aug 2021

Trans-Tasman fintech Open has raised A$31 million from venture capital investors to help fund the launch of its embedded insurance offering in New Zealand and the UK.Open operates the Huddle brand and a white-label service in Australia where it has more than 70,000 customers and is launching in NZ in partnership with Tower later this year, with plans to hit the UK in the middle of 2022. Hollard Insurance underwrites its Australian products.The funds raised will go towards expanding its teams in Australia and NZ, and add new products for small a...

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