Source: FinTech Global
According to Life Insurance International, this financial boost was spearheaded by Belfius Bank, a major Belgian financial institution, and included participation from a mix of new and existing investors such as OTPP via Teachers’ Venture Growth, Temasek, Coatue, and Lakestar. Prominent entrepreneurs from France and around the globe also contributed to this funding effort.
Alan is renowned for its digital health insurance solutions that combine advanced technology with user-centric services. The company leverages artificial intelligence to personalise healthcare services, streamline claims processes, and improve overall operational efficiency. This approach ensures that clients receive timely and tailored healthcare support.
The newly acquired funds will be directed towards accelerating Alan’s growth and technological advancements, with a particular focus on expanding its footprint in the Belgian market. This includes enhancing its product offerings and increasing its local team by over 25 members in the upcoming months. Alan aims to achieve group profitability by 2026, maintaining a strong focus on financial autonomy and sustainable growth.
Jean-Charles Samuelian, CEO of Alan, highlighted the strategic significance of the partnership with Belfius: “This privileged partnership with Belfius, whose transformation over the past decade has been truly inspiring, opens the door to a new era for Alan in Belgium. Belfius’ investment will allow us to accelerate our development and expand our capacity to offer cutting-edge, accessible health products and services to a wide audience.”
Read the full article: https://fintech.global/2024/09/23/french-insurtech-alan-raises-193m-to-bolster-tech-and-growth-in-belgium/
