Insurtech startup Root secures US$3m seed funding for its expansion plans

SOUTH AFRICA – Root, a South African insurtech API startup that helps businesses and developers launch insurance products more quickly than the traditional approach, has acquired US$3 million in seed funding to expand outside of South Africa and establish the infrastructure for the global digital insurance industry. The round included venture capital firms Invenfin, Base Capital, Savannah Fund, P1 Ventures,…

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