Bain Capital Ventures and Altai Ventures have recently concluded the establishment of a new $53 million fund focused on fintech and InsurTech, a move that demonstrates their shared vision for building iconic companies and working closely with startup founders. The new fund is poised to tackle some of the major issues faced by the financial services industry, which is currently
The SMB sector is an ever-growing and ever-evolving market, with new players entering the scene and old ones fading away. Veridion is one of the most recent additions to this sector and has already made a big impact with its up-to-date data and product-level details, as well as its coverage of retail outlets. To further its reach, Veridion will be
The fourth quarter of this year was a big success for Lemonade, with in-force premium rising to an incredible $625 million. This figure is a whopping 64% higher than the same period last year, indicating that the demand for Lemonade’s innovative insurance products is increasing significantly. In addition to this, net losses decreased from $91 million in the fourth quarter
On February 10th, 2021, Pepsi Bottling Ventures (PBV) made known a security breach in which private data from current and former employees had been taken without authorization. The incident, which took place on December 23rd of 2020, was not discovered until January 10th of 2021, leaving a remarkably long window of time for the attackers to access and exploit the
