Expense Check, an Australian insurtech, announced on Monday it raised AU$4 million through its latest investment round, which was led by Holland Insurance Company. The company also revealed that it has rebranded to Kanopi as it prepares to expand its local presence and launch into the U.S. market.
Founded in 2016, Kanopi describes itself as a data-driven insurtech that connects insurers and digital platforms so they can provide the right insurance to their customers.
“As an embedded insurance platform Kanopi intelligently anticipates consumer needs to provide them with insurance within minutes, when and where they need it. The company’s mission is to transform the insurance industry by working with insurance and marketplaces to create one common ecosystem that simplifies insurance, making it more human and transparent for everyone.”
Speaking about the investment and rebranding, Nigel Fellowes-Freeman, Founder and CEO of Kanopi, stated:
“We remain committed to enabling companies to improve their understanding of their customers so they can serve them with policies that best fit their needs. Our new brand identity, combined with this raise, ensures a stronger foundation for us moving forward as we seek to further develop our technology and our partnerships in Australia and across new markets.”
Kanopi went on to add that the investment round will enable it to “execute on its growth vision,” which will include U.S. expansion and team growth.