[Funding alert] Square Insurance Secures $1 Mn Seed Funding

Square Insurance, an insurance company with offices in Jaipur, has raised $1 million in funding led by Recur Club, a trading platform for businesses with recurring revenue to exchange contracts and subscriptions.

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According to a statement to media agencies, Square Insurance will use the recently collected cash to expand their employees and build 15 new branch locations as reported by indianWeb2.

A life and general insurance aggregator, Square Insurance was founded in 2017. It enables you to compare quotations from top-rated insurance providers and choose the ideal plan that meets your particular needs. Customers can download the policy and make the payment online.

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Square Insurance is a lauded industry disruptor that offers solutions by utilizing cutting-edge algorithms and data analytics. Recalling that InsuranceDekho got $150 million in Series A fundraising in February of this year in what is regarded as the largest-ever round of funding for an Indian insurtech startup. The round was led by Goldman Sachs Asset Management and TVS Capital Funds.

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About Square Insurance

One of India’s top life and general insurance brokers, Square Insurance Brokers Pvt. Ltd. In the state of Rajasthan Square Insurance Brokers Private Limited is incorporated.

Square Insurance Brokers Private Limited makes it a priority to close this gap between what customers want and what they really receive. They also give our clients a complete, transparent view of their business. They pledge to meet customer needs with prompt, trustworthy, dependable, and enjoyable services.

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