London-based insurtech Eleos raises €700k pre-seed to make income protection insurance accessible for all
Summary
Eleos works in partnership with several popular brands, mostly other fintechs, to embed income protection insurance and life cover into their online journeys. By using the data these brands already hold, Eleos can raise awareness, provide personalised quotes, and speed up the application process. The funding will enable Eleos to launch innovative insurance products and forge new partnerships to bridge the massive protection gap that exists in the UK. The startup has already partnered with leading fintech brands, including Loqbox and Updraft, to increase the awareness, accessibility and adoption of essential insurance products. They’re a welcome addition to the Fuel Ventures portfolio, and we look forward to supporting their continued success.” Eleos’ partners range from leading fintech brands to self-employment marketplaces and demonstrate the commitment of all parties to the creation of financial resilience.