Startup in the insurance technology industry MetaMorphoSys raised $3 million in its Pre-Series A round, which was led by Capital 2B and included participation from angel investors Pavitar Singh and Dhruv Dhanraj Behl.
A SaaS insurance platform for companies is called MetaMorphoSys. It helps insurance companies develop a range of insurance products for travel, cars, property, life, and businesses. The startup will use the additional funding to build and scale its platform, increase product offerings, and grow its sales team internationally. Additionally, money will be spent on the creation of legacy integrations. The nation’s fintech market is anticipated to develop at a 31% CAGR to $1.3 trillion by 2025. By 2025, a sub-sector called insurtech will contribute 26% ($339 Bn) of the total.