TORONTO, June 29th, 2023 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces that it has closed an investment in Wrisk Limited (“Wrisk”), a B2B2C insurtech provider with a current focus on the motor insurance space. Wrisk offers an embedded white-labeled insurance platform to enterprise customers for pricing, distributing, and managing insurance products.
Flow’s investment will help Wrisk accelerate its commercial activities, continue its growth within the UK and European markets, and further its global expansion efforts.
Wrisk maintains strong partnerships with global auto OEMs and insurance carriers. Its platform can be offered as a fully managed MGA service to UK clients or can be licensed to insurance companies and enterprise partners directly in the UK or globally. The perpetual insurance platform is unique in the UK and enables Wrisk to deliver a true subscription proposition.
About Wrisk
Wrisk is a digital-first insurance business that works with automotive brands to shape the future of their customers' mobility and insurance experiences. Wrisk has created a customisable platform that empowers leading brands to build frictionless, mobile-first insurance experiences.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. For more information on Flow Capital, please visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9