BlockFrauds Insurtech

London, United Kingdom Software, SaaS, insurtech, fraud detection, fraud

Short Summary

BlockFrauds • Significantly increases insurance fraud detection with proprietary voice analytics tool • Compliant intelligence sharing via decentralised fraud bureau • 1 of 10 in EC BlockStart prototype phase • SEIS pre-approval • £50k prior raise

Highlights

  • Working, testable prototype demonstrated in competition
  • 1 of 10 taken to prototype stage by European Commission BlockStart #3
  • Runners-up in R3's Corda Insurtech Challenge 2020: Fraud Detection
  • B3i (sponsors) very positive feedback during that competition
  • One co-founder was CTO and Head of Innovation at Hiscox, the other is ACA

Overview

Target
£150,000
Minimum
£20,000
Invested
n/a
Previous Rounds £50,000
Stage Pre-Startup/R&D
Investor Role Any
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