The Scoop
Insurtech Qover marks its 10th anniversary by extending a $12M growth capital facility from CIBC Innovation Banking, bringing total funding over $100M. Qover powers embedded insurance for brands like Revolut, BMW, and Mastercard.
The Context
Founded in 2016, Qover aims to simplify insurance across borders through technology. It's become a key player in European insurtech, orchestrating programs for major global brands. This funding extends its decade of growth in the embedded finance space.