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Bluezone Insurance Raises £1.5M to Make Life Insurance More Accessible for Those With Chronic Conditions

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Once an individual has been diagnosed with a chronic condition, obtaining life insurance becomes more difficult due to underwriting guidelines.  Those that have the least severe ailments and have their diseases under control may be able to secure overage but it comes at an additional cost.  Bluezone Insurance is a specialist insurance company that is built to provide coverage to those with chronic conditions.  The company, founded in 2020, is building a Diabetes-specific ilife insurance product with plans to also launch coverage for those with heart diseases.  Behind the scenes, the company has built a sophisticated risk management underwriting engine that uses AI/ML to sort through medical data to make insurance products more accessible by offering cheaper options.  Bluezone is also focused on providing its insured customers with incentivized management and adherence programs for their conditions to essentially de-risk them.  The company is currently accepting applicants to its waitlist and promises to provide same-day coverage through a digital onboarding process. AlleyWatch caught up with Bluezone Insurance Founder Karan Mehta to learn more about the business, the company’s strategic plans, recent round of funding, and much, much more…

The London TechWatch Startup Daily Funding Report: 13/5/2022

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The latest venture capital, seed, pre-seed, and angel deals for London startups for 13/5/2022 featuring funding details for Bitfount, MyMynd, and much more.

The London TechWatch Startup Daily Funding Report: 12/5/2022

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The latest venture capital, seed, pre-seed, and angel deals for London startups for 12/5/2022 featuring funding details for Token, BVNK, and much more.

Rensair $7M for its Commercial Hospital Grade Air Purifier That’s Bringing People Back to the Office Safely

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Calls for employees to return to the office have been a source of anxiety according to a recent survey of 1000 UK workers conducted by Slack.  One of the reasons cited is concern about indoor transmission within the office space.  Most commercial spaces do not have the proper ventilation required to fully mitigate COVID transmission and these spaces will require significant upgrades that are not only expensive but also require a significant amount of time before they can be deployed.  Rensair has built a portable, hospital-grade air purifier for commercial settings that removes particles from the air including pollen, allergens, mold, viruses, and bacteria.  The unit, which can be wheeled to wherever it’s needed most, uses a combination of UVC and industry-leading HEPA technology to destroy 99.97% of airborne bacteria and viruses.  A single unit cleans 560 cubic metres in an hour.  Rensair is being used in care homes, schools and universities, hospital and healthcare settings, and offices.  The filters and UVC light need to be replaced only once a year, making the units practically maintenance-free.  Rensairs are available for purchase or can be rented for as low £89/mo with delivery in less than a week. London TechWatch caught up with Rensair Cofounder and CEO Christian Hendriksen to learn more about the business, the company’s strategic plans, recent round of funding, and much, much more…

Symmetrical.ai Raises $18.5M for its Global Payroll Platform That’s Disrupting the Industry with APIs

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While the pandemic initially was rooted in isolation, the rapid adoption of technology to support remote workforces led to the increasing availability of an unprecedented global talent pool. While accessing this new pool has brought benefits to employers, managing payroll and other HR functions has now become more complex.  Symmetrical.ai has built a global payroll platform that handles the end-to-end payroll process for employers and employees with automation and sophistication.  The company is focused on seamless integration through its modular-based system that uses APIs to connect with existing technology stacks.  Designed to meet the needs of a modern workforce, Symmetrical handles onboarding, employee management, on-demand payments as employees earn, gig workers, temporary workers, as well as standard employees.  The company has navigated the compliance landscape across the countries it operates in to ensure clients are protected against ever-changing laws and Symmetrical can serve as the employer of record on behalf of clients. London TechWatch caught up with Symmetrical.ai Cofounder and CEO Piotr  Smolen to learn more about the business, the company’s strategic plans, his vision to bring payroll into a function that requires only two API calls, latest round of funding, which brings the total funding raised to $26.4M, and much, much more

Monspire Raises £600K For its Cash Flow Management and Lending Platform for Small Businesses

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Cash flow is the best indicator of a company’s financial health and optimizing cash flow can be the difference between keeping the lights on and having to shut down.  As global macroeconomic conditions worsen and businesses are scaling back, managing cash flow becomes even more critical. Monspire is a cash flow management platform for small businesses that also provided integrated lending options for working capital needs that leverages AI to understand when and where a business will need additional funding.  The platform leverages open banking so that businesses can get a full understanding of their business’s cash flow in real-time, while also getting accurate forecasting.  For any periods of gaps, Monspire steps in and plugs the hole with its lending solutions.  While finances are critical for any business, many business owners just don’t have the time to dedicate to managing finances while juggling all other facets of operations. Monspire, short for Money Inspired, makes it seamless by proving a singular view of a company’s financial health. London TechWatch caught up with Monspire Cofounder Simon Draper to learn more about the business, the company’s strategic plans, recent round of funding, and much, much more…

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