b2b-daily
Home | FinTech | FinTech Insurance

How Will XILO’s $7.2M Series A Funding Transform Insurance Agencies?

Avatar photo
by Caitlyn Jones
February 7, 2025
Image Credit: iuriimotov / Freepik
How Will XILO’s $7.2M Series A Funding Transform Insurance Agencies?
Article Highlights
Off On

In a significant move for the InsurTech landscape, San Diego-based company XILO has just secured $7.2 million in a Series A funding round. Powered by investments from Altos Ventures, Cove Fund, Navigate Ventures LLC, New Stack Ventures, and Splash Capital, XILO’s total funding now stands at an impressive $13.2 million. Founded in 2017, XILO is renowned for its digital quoting solutions tailored specifically for independent insurance agencies. The company specializes in crafting digital intake forms that seamlessly integrate with Agency Management Systems (AMS) and raters. This advanced platform not only automates cumbersome data entry tasks but also significantly enhances efficiency and conversion rates for insurance agencies.

With the fresh injection of $7.2 million, XILO plans to supercharge its technological offerings, broadening market reach and refining workflows to better serve the industry. By doing so, the company aims to capitalize on the growing trend in the InsurTech sector towards automation and digital transformation. This funding enables XILO to further develop its innovative solutions, ensuring that insurance agencies can operate more efficiently and provide superior service to their clients.

As the InsurTech sector continues to evolve, XILO’s strategy underscores a broader industry shift towards integrating advanced digital solutions. These innovations are crucial for enhancing operational efficiency and boosting client satisfaction. By tapping into the potential of automation and digital transformation, XILO is set to redefine how independent insurance agencies operate. Their efforts will likely result in more streamlined processes, reduced operational costs, and improved customer experiences, propelling the insurance industry into a new era of digital sophistication.

AutomationCustomer ServiceDigital TransformationInnovationInsurTech

Explore more

AI Makes Small Businesses a Top Priority for CX
January 7, 2026

The Dawn of a New Era Why Smbs Are Suddenly in the Cx Spotlight A seismic strategic shift is reshaping the customer experience (CX) industry, catapulting small and medium-sized businesses (SMBs) from the market’s periphery to its very center. What was once a long-term projection has become today’s reality, with SMBs now established as a top priority for CX technology

Is the Final Click the New Q-Commerce Battlefield?
January 7, 2026

Redefining Speed: How In-App UPI Elevates the Quick-Commerce Experience In the hyper-competitive world of quick commerce, where every second counts, the final click to complete a purchase is the most critical moment in the customer journey. Quick-commerce giant Zepto has made a strategic move to master this moment by launching its own native Unified Payments Interface (UPI) feature. This in-app

Will BNPL Rules Protect or Punish the Vulnerable?
January 7, 2026

The United Kingdom’s Buy-Now-Pay-Later (BNPL) landscape is undergoing a seismic shift as it transitions from a largely unregulated space into a formally supervised sector. What began as a frictionless checkout option has morphed into a financial behemoth, with nearly 23 million users and a market projected to hit £28 billion. This explosive growth has, until now, occurred largely in a

Invisible Finance Is Remaking Global Education
January 7, 2026

The most significant financial transaction in a young person’s life is often their first tuition payment, a process historically defined by bureaucratic hurdles, opaque fees, and cross-border complexities that create barriers before the first lecture even begins. This long-standing friction is now being systematically dismantled by a quiet but powerful revolution in financial technology. A new paradigm, often termed Embedded

Why Is Indonesia Quietly Watching Your Payments?
January 7, 2026

A seemingly ordinary cross-border payment for management services, once processed without a second thought, now has the potential to trigger a cascade of regulatory inquiries from multiple government agencies simultaneously. This is the new reality for foreign companies operating in Indonesia, where a profound but unannounced transformation in financial surveillance is underway. It is a shift defined not by new