UK-based Stubben Edge Group has received investment of £5.6m, adding to the £10m it secured last year. In the past year, the firm has acquired Lloyd’s broker Genesis Special Risks, established Guernsey entity 1Edge and purchased SME focused media titles from Bonhill PLC.

Chris Kenning, CEO of Stubben Edge, said: "In the context of declining confidence in the FinTech market and the wider economic climate, this is a huge deal and testament to the strength of the business.

“Our ambition continues to be to support the entrepreneurs and owners of brokers and IFAs. Helping them build their businesses by providing the technology, data and products that will enable them to service their SME clients."

David Poutney, chief executive of Dowgate Capital, added: “We were delighted to extend this opportunity to some of our institutional, family offices and other HNW investors… We believe that Lloyd’s and the insurance industry generally are ripe for disruption and reform and that Chris Kenning and the team at Stubben Edge are well-positioned with their strategy and products to take full advantage of the opportunity.”

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