Wrisk drove 219% YoY revenue growth with Flow Capital’s venture debt

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Key takeaways:

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• With Flow Capital’s $4.25M loan, Wrisk grew its policyholder base by 150% through exciting new partnerships.
• Flow Capital’s creative financing structure provided Wrisk the ability to invest in talent to support its growth.
• The funding helped Wrisk diversify its capital base enabling international expansion with minimal equity dilution.

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Wrisk is the partner of choice for Automotive brands in the delivery of scalable embedded insurance to their customers. Flow Capital provided a bespoke venture debt solution to help Wrisk to support growth in the UK, make strategic enhancements to its platform and support its International expansion strategy. This funding has given Wrisk the runway to scale without losing momentum, which was crucial for maintaining its long-term goals.

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With Flow Capital’s $4.25M loan, Wrisk achieved key milestones:

• Launched new partnerships in the UK and has grown its customer base by 150%
• Developed platform capabilities for international expansion and enhance data service offerings to its clients.
• Hired a GTM team based in Munich and attain regulatory licenses to operate in the EU region.

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Wrisk's unique greenfield technology has set them apart from other InsurTech firms. The impact of taking an agile, interactive approach to digital innovation was clear: within a year of Flow Capital’s loan, Wrisk’s revenue grew by 219% YoY.