Posted on April 2, 2020 by staff

Insurtech firm Loadsure secures £1.1m to enter US market


UK InsureTech firm Loadsure has secured a £1.1 investment in a round led by Insurtech Gateway.

The London-based international Insurtech Managing General Agent (MGA) offers a fully digital end-to-end, cloud-based insurance solution which uses predictive analytics and integrates with digital transportation management platforms.

With the backing of insurtech incubator and fund Insuretech Gateway and other investors, the firm will market the one-click insurance integration to loadboard, freight marketplace, and transportation management system platforms in the U.S

“Insurtech Gateway has given us the confidence and support network to achieve our goals as we take Loadsure to the next level,” said Loadsure founder and CEO, Johnny McCord.

“We now have a broader set of experts behind us to help navigate the rocks that founder many startups. Their subtle but supportive approach with Loadsure has been massively appreciated.”

Insurtech Gateway co-founder, Robert Lumley added: “Informal marketplaces are vulnerable, lacking insurance protection for customers, and that was true of the spot freight market, until now.

“Loadsure really impressed us with their plan to be at the leading edge of this rapidly modernising sector.”