Technology developer Anorak has secured £5m Series A funding from Kamet Ventures, the start-up studio backed by Axa, to continue to develop its life insurance advice platform.
The investment funds, which have reached £9m, will allow the smart data firm to continue to evolve its technology, with plans afoot to leverage its recommendation engine to launch a platform for intermediaries. It will "enable them to change the experience of selling life insurance and move them into the digital age", the firm said. "The life insurance sector is on the verge of transformation and Anorak is leading the way," said co-founder and CEO David Vanek (pictured, left). "Kamet investment enables us to deliver on our vision. We are committed to using cutting-edge technology to brin...
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