Percayso Inform Secures £2.7M Funding for Insurance Data Intelligence
Percayso Inform, a Nottingham, UK-based insurance data intelligence provider, has recently secured £2.7M in funding. The funding round was led by Neil Utley and also saw participation from existing investor Praetura Ventures. The company plans to utilize the funds to expand its operations and reach within the insurance industry.
Under the leadership of Rich Tomlinson, the Managing Director of Percayso, the company offers insurance intelligence services that provide real-time solutions at all stages of the insurance lifecycle.
Their services deliver valuable insights into insurance customers, risk assessment, and fraud detection. Since receiving investment from Praetura Ventures in March last year, the company has expanded its offerings to include a full quote intelligence suite.
Percayso's technology leverages data from various sources to provide insurers with an API call-based access to valuable intelligence at significant volumes. In addition, their platform and advanced technology enable insurance providers to have better control over their strategies and deployment, allowing them to use personalized rules and models in their own environments via a software-as-a-service (SaaS) model. Their recent acquisition of Cazana, now known as Percayso Vehicle Intelligence, has further enhanced their presence in the UK motor insurance market.
The company has a strong client base that includes major insurance providers such as Ageas, Covea, Direct Line, Markerstudy, Somerset Bridge, and The AA. With the recent funding, Percayso Inform is poised to further strengthen its position in the insurance data intelligence space and continue providing innovative solutions to their clients throughout the UK.
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