Embedded insurance startup Kanopi closes a $3 million round

Australian insurance startup Kanopi closed a $3 million round of funding led by South African insurer Hollard. The company also announced its plans to expand to the US market.

Founded in 2015 as Expense Check, Kanopi is now an embedded insurance solution for companies operating in sectors including proptech and fintech where it allows them to offer their customers a range of insurance products such as small business, landlord, contents, and invoice protection. “Offer customers cover that has been co-created with leading insurers to fit their needs across a range of sectors.”