Aviva extends 10 year partnership with Founders Factory

Aviva it is extending its exclusive fintech partnership with Founders Factory, the global venture studio and accelerator. The insurer is committing to invest for another three years in startups focusing on insurance, wealth, property, asset management and cybersecurity.

The new ventures will look to harness AI and frontier technologies to deliver new ways in how people manage and protect their money, health and family.

The decade-long strategic partnership has supported more than 60 startups to date, which have raised more than £500 million in investment since 2016.

These include Tembo, a mortgage lending platform that recently saw Aviva expand access through its workplace pension proposition following a successful pilot, and Marrow, a connecter of AI agents including ChatGPT, Claude and Gemini to insurers’ pricing, underwriting and policy admin systems.