Cover Genius Acquires Friendsurance to Accelerate Embedded Protection Across European Banking
Cover Genius, the global infrastructure for embedded protection, today announced its acquisition of Friendsurance, the Berlin-based insurtech and digital bancassurance platform for banks and insurers. The transaction establishes a powerhouse in European digital insurance distribution, combining Cover Genius’s market-leading global infrastructure with Friendsurance's deep local regulatory expertise and bank-grade technology.
Cover Genius Raises USD $100M Backed by Vista Credit Partners, Reaching USD $1.9 Billion Valuation as it Advances AI-First Platform and Global Expansion
Cover Genius, the global infrastructure for embedded protection, today announced a USD $100M capital raise, backed by Vista Credit Partners, a subsidiary of Vista Equity Partners and strategic financing partner focused on enterprise software. The raise values the business at USD $1.9 billion, advancing a new chapter for the company.
