PremFina, a UK software firm which serves insurance brokers, has raised $36m (£27m) from Rakuten Capital. The round – consisting of equity and debt funding – will help the London-based company boost its operations nationwide and support its expansion overseas.
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“The participation of outstanding investors from Toronto to Tokyo in our oversubscribed round highlights the vast opportunity ahead for PremFina,” said Bundeep Singh Rangar, CEO and founder of PremFina, who invested in 17% of the equity portion alongside the institutional investors. “Our new investors bring great strategic value and priceless global financial relationships.”
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