Finaeo announced the completion of $2.3 million in seed financing. Impression Ventures led the round, with participation from 500 Startups, iGan Partners, and RoboVentures.
Finaeo is a Canadian insurance technology platform built for financial advisors, with a particular focus on group benefits and individual voluntary insurance. Finaeo helps advisors in these verticals automate their back-office administration by providing a digital assistant powered by a custom-built CRM engine.
The company revealed that the funds will be deployed to bring on the engineering talent required to continue development of its core platform and marketplace.
Insurance Technology Startup Finaeo Secures $2.3 Million
Credit: finaeo.com