UK insurtech, Battleface, has secured seed financing from venture capital firm, Fintech Ventures Fund, to expand software development, hire sales and business development personnel.

Based in Kent, Battleface was developed by insurance intermediary and coverholder at Lloyd’s of London, Tangiers Insurance Services. The firm combines technology and underwriting to create, distribute and service specialty travel insurance products.

Chief operating officer, Sasha Gainullin said: “We got our start because many travellers couldn’t find the right insurance products with coverage for their unique travel destinations and real needs.

“With the latest investment from Fintech Ventures Fund, we'll continue to expand our B2B partnerships custom-building travel insurance solutions for groups, including business and NGO travellers, associations and membership-based organisations,” he added.

Fintech Ventures partner, Lucas Timberlake said: “A core area of our fund’s investment thesis is that technology can be leveraged to more efficiently provide insurance products to markets that have been underserved by current offerings.”

Fintech Ventures has joined existing investors Greenlight Re and Tangiers Group.

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