4 years ago

Democrance Secures Funding to Expand Insurtech Platform in Emerging Markets

  • UAE-based insurtech startup Democrance has raised an undisclosed amount in a funding round led by Global Ventures, with participation from Veridian Ventures and existing investors

  • The company offers a white-label SaaS platform that digitizes insurance sales and distribution, targeting emerging markets

  • The funding will be used to fuel Democrance's growth and expansion plans.

      • ProblemFinancial Services

      "Insurance companies in emerging markets struggle to reach new customers and offer digital services, leading to limited access and affordability for many."

      Solution

      "Democrance provides a white-label SaaS platform that digitizes insurance sales and distribution, enabling insurers to expand their digital offerings, reach new customer segments, and automate processes for increased efficiency and cost savings."

      Covered on