Gangkhar has raised $4.25 million in seed funding to expand its embedded insurance infrastructure across Latin America. Impact investors Accion Ventures and EWA Capital participated, alongside fintech venture firm Anthemis and others. “Insurance plays a critical role in helping small businesses and individuals manage shocks,” Accion Ventures’ Sebastian Molina Gasman told ImpactAlpha. “Helping close the protection gap in the region is an important goal in order to ensure that there is more financial stability in underserved populations.”
Read more in ImpactAlpha.