Frankly Insure, founded in August 2021, is building a digital pet insurance product for the Danish market with a focus on prevention of damages and a cash-back mechanism for unclaimed insurance. The company aims to become an established managing general agent (MGA) and insurance company. It plans to launch its platform in the fall of this year and will use the initial product to negotiate and expand partnerships while driving PR and digital activities. Frankly Insure is also accelerating development of a decentralized insurance platform utilizing blockchain for the longer term. The startup participated in the Copenhagen Fintech Mentor Program, which its CMO credited with helping prioritisation and providing guidance. Financially, the company has closed a 2M pre-seed round to fund product launch and platform development.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2022