Insurtech startup MetaMorphoSys raises $3 million in its Pre Series A round of funding
- ByStartupStory | August 17, 2022
Insurtech startup MetaMorphoSys has raised $3 million in a Pre-Series A fundraising round headed by Capital 2B and angel investors Pavitar Singh and Dhruv Dhanraj Behl. The additional funding will be used by MetaMorphoSys to increase its product offerings, scale up its platform, and expand its sales force internationally. It will spend money on creating legacy linkages as well.
Amit Naik, CEO and co-founder of MetaMorphoSys Technologies, said, “Insurance companies all over the world are using MetaMorphoSys to launch their products, empower their sales force, settle claims, identify fraud, and optimize the entire value chain from customer acquisition to customer engagement, including embedded insurance.”
In essence, the platform of insurance firms is integrated with MetaMorphoSys, and its APIs optimize the customer experience for them, from onboarding to service to processing claims. According to Vargante, with interfaces to legacy and SaaS systems, MetaMorphoSys has been designed to manage multiline insurance products across regions, including retail and group businesses.
A product configurator, customer engagement and acquisition, sales analytics, and a recommendation engine are just a few of the services provided by MetaMorphoSys. The company received seed investment in 2020 from Rahul Khanna of Trifecta Capital, Rohan and Arjun Malhotra of Good Capital VC, and Rahul Malhotra of Good Capital VC.
About MetaMorphoSys
The Pune-based firm was established in 2016 by Naik and Kewal Vargante. It is a business-to-business (B2B) SaaS insurance platform. It aids insurance firms in the introduction of a number of insurance products for business, property, life, travel, and automobiles. It serves insurance firms with offices in Hong Kong, Singapore, Indonesia, Vietnam, and India.
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