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YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance

TechCrunch

Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. Insurance companies were losing a lot of money to fraud.

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A decade of fintech failures: 4 innovations that didn’t live up to the hype

TechCrunch

Much has been written about the success of fintech and how this wave of technological innovation has changed consumers’ lives. Over the last decade, many once-promising innovations failed and did not live up to expectations. It is important to not just celebrate success but also to learn the lessons from failure.

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Mexico’s fintech success: How tech is driving the population to banking

TechCrunch

Mexico repeatedly tops most innovative fintech hub lists, and neobank and digital wallet transactions are consistently increasing — during COVID lockdowns they rose by an estimated 80%. And because many Mexicans have little trust in banks, the transparency of fintech options has played a big part in people adopting the new technology.

Fintech 232
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Nigeria’s Etap gets 1.5M pre-seed to make buying car insurance easier

TechCrunch

Only 21% of the 12 million registered vehicles on Nigerian roads have genuine motor insurance, as the rest either have fake certificates (owners are mostly unaware) or are not covered at all. Etap claim to enable motor vehicle owners to purchase insurance in 90 seconds and complete claims in three minutes. Image Credits: Etap.

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Top Technology Trends in the Insurance Industry that Drive Growth and Innovation

Mobilunity

PRO TIP Insurers must act now: getting tech capabilities to the needed state will take years, and the industry is approaching a tipping point in which structures will shift very quickly. However, technology implementation still poses challenges. Here are a few use cases of how AI facilitates insurance workflows.

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7 investors reveal what’s hot in fintech in Q1 2023

TechCrunch

However, it appears that even though VCs are proceeding more cautiously than before and taking their time with due diligence, they are still investing. We see tremendous opportunity for innovation in the world of B2B payments. Would you say you are conducting more due diligence? What do you feel might be overhyped?

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8 investors weigh in on the state of insurtech in Q3 2022

TechCrunch

Who are the most likely acquirers of insurtech startups right now: Legacy insurance companies, or private equity funds? Smart legacy insurance companies are looking for insurtechs that have great technology, but not enough customers or premium volume to get the most value out of the technology. How does Europe measure up?