Clearcover, a U.S.-based automotive insurance coverage platform, introduced earlier this week it secured $200 million by means of its Sequence D funding spherical, which was led by Eldridge, with participation from American Household Ventures, Cox Enterprises, and OMERS Ventures.

Based in 2016, Clearcover describes itself because the smarter automotive insurance coverage alternative, providing higher protection for much less cash.

“Clearcover’s API-first strategy allows prospects to have nice insurance coverage at inexpensive charges. The corporate’s highly effective know-how coupled with its devoted Buyer Advocate group ensures a top quality expertise. Constructed for contemporary drivers, Clearcover makes it simple to get dependable automotive insurance coverage in minutes.”

Talking concerning the firm’s progress and growth since launching, the Clearcover group said:

“It’s an thrilling time. Clearcover is constructing one thing nobody has ever constructed earlier than. And we’ll proceed to place the values, folks, and groups in place that can promote and maintain a thriving firm tradition. In different phrases, we plan to develop proper, and we hope you’ll be a part of us for the journey.”

Clearcover added that the funding spherical’s funds will likely be used to speed up the innovation of its digital insurance coverage choices by investing in (and rising in) its insurance coverage, product, and engineering groups.

Transcard, a U.S.-based digital funds platform, introduced on Friday the launch of its enterprise entity within the UK. Based in 2012, Transcard describes itself as a SaaS funds disbursement and administration platform that takes regulatory, time and price burdens off payers whereas offering payees safe, self-service choices for receiving their cash.

“Designed with each the institutional buyer and the top cost recipient in thoughts, Transcard’s proprietary platform significantly simplifies the distribution of cash by providing such options as configurable workflows, streamlined processes for the payer and sturdy choices for the payee. Transcard shoppers can quickly deploy full-featured, personalized cost merchandise with little up-front funding by means of its subscription-based mannequin.”

In line with Transcard, the UK entity will function underneath Transcard Restricted. The corporate is planning to increase into different geographic areas sooner or later as effectively.

“Companies, banks, and Fintechs within the UK can now simply entry Transcard’s suite of cloud-based options for seamlessly making and receiving any sort of cost.”

The UK entity might be led by Charles Hardaker, who beforehand held positions within the funding banking division at Citi and Developed a number of merchandise with Citi Ventures.