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Insurtech Hedvig goes full-stack to power European expansion
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per its press release. Launched in 2018,
Hedvig offers rental and homeowners insurance via its app to 50,000 users in Sweden and Norway, and it now plans to expand across new European markets. The insurtech raised €7.5 million ($8.6 million) last October, bringing its total raised to date to €20 million ($22.8 million).
With the EU license, Hedvig can accelerate its growth by freely launching proprietary products across Europe.
The insurtech has experienced fast growth thanks to its cheaper and extensive coverage. Hedvig allows users to record their claims directly within the app and get immediate compensation for the