London-based insurtech Diesta raises €1.8 million to streamline processing of premium payments
Summary
Endorsed by industry leaders like Mapfre and Generali, our innovative approach was spotlighted in a recent report, highlighting how the problem of payment inefficiencies causes unnecessary expenses across the insurance value chain. This step will enable Diesta to fulfil its ambition of capturing a substantial portion of the UK premiums market by onboarding brokers, MGAs, insurers, and potentially even reinsurers. Our platform provides a solution which directly addresses this challenge, while setting the foundation for a transformative shift in insurance industries in Europe and around the world.” Despite the tech downturn, early stage insurtech startups have demonstrated their resilience and continued ability to raise funding. Restive invests early in innovative businesses that have the potential to transform financial services so we are proud to work with Julian and the team to scale this business.” The founders of Diesta met during an Antler residency in London, and bring together a wealth of expertise from insurance, banking and tech startup environments. Ollie Purdue, Partner at Antler, added: “The success of British fintech startups has become the stuff of legend in tech ecosystems around the world and I have every confidence that insurtech will be the next chapter of that growth story.