spot_img
Sunday, May 26, 2024

Youandlaw, ILV advise on Wenalyze´s €1.7m funding round

Youandlaw has advised Bankinter and ILV Silver has advised Athos Capital, on Spanish insurtech Wenalyze´s €1.7 million financing round, which also included AstoryaVC and GoHub

-

Wenalyze, the Spanish insurtech dedicated to the analysis of Open Data to simplify processes in the insurance sector, has closed an investment round of €1.7 million.

The Valencia-based startup has created an intelligent model for collecting data on people and SMEs, to enable the banking and insurance sectors to make better decisions on renewal processes, onboarding and even premium levels. The benefits are many, from saving time and costs by having reliable information, to improving and automating processes.

The deal was led by Athos Capital, with the participation of Bankinter, through its Venture Capital Programme developed together with Fundación Innovación Bankinter; Astorya, an investment fund focused on InsurTech; and GoHub, Global Omnium’s corporate investment fund.

This venture could change the paradigm of a sector in which more than 50% of customer data is incorrect and incomplete and where a renewal based on data is essential. In addition to Bankinter, Athos Capital, AstoryaVC and GoHub also participated in the round.

Wenalyze is a digital solution that automatically obtains data from open sources, thereby improving the efficiency and accuracy of risk selection for the business customers of insurers and banks.

Youandlaw advised Bankinter with partner Pablo Casado Bueno.

ILV Silver advised Athos Capital with partner Carlos Vallmitjana.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Andersen promotes five partners, two of them equity

These promotions are in line with the firm's strategy of promoting professional careers in the firm, as well as the projection of younger professionals...

Deloitte Legal counsels Binter Canarias and Akana on strategic agreement with Menzies

The agreement with Menzies aims to bid for the public tender of Aena, relating to the handling services at the airports of Gran Canaria,...

KWM advises Suma Capital on stake acquisition in Zamora Eco Energías

King & Wood Mallesons has advised private equity firm Suma Capital on the acquisition of a 90% stake in Zamora Eco Energías, a subsidiary...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: