$4 million in seed money was raised by Eleos, a London, UK-based provider of integrated life and income insurance.
Investors
- Fuel Ventures
- Indico Capital
- APX
Use of funds
The money will be used by the business to increase operations and development initiatives.
Eleos offers a number of complimentary ancillary advantages to its clients in order to reduce the cost of their insurance premiums as part of their customer acquisition and retention strategy. These consist of a rebate program for regular purchases, mental health assistance, and a round-the-clock virtual general practitioner (GP) service.
About Eleos
Eleos offers totally digital life insurance and income protection solutions, and its CEO is Kiruba Shankar Eswaran. The firm offers white-labelled journeys and its own full stack B2B2C solution with APIs to simplify integration at no extra cost. This gives its partners access to complete regulatory covering under the company’s FCA authorization, as well as additional income sources and improved client retention. As of right now, Eleos’s partners include the flexible loan companies CreditSpring and Updraft as well as the credit-building experts Loqbox and CreditLadder.
