Growth credit facility · Fintech
INSTANDA secures Palatine growth credit for international expansion
The insurance software provider adds a debt facility to support its next growth phase.
Palatine Growth Credit announced a financing facility for INSTANDA on August 3. The size of the facility was not disclosed.
Configurable insurance operations
INSTANDA helps carriers, managing general agents and brokers create and distribute policies using configurable software. The platform lets business teams change rules and rates while connecting policy administration to other systems.
The company has operations in the UK, US and Australia. The new credit facility follows its expansion from a UK base into an international insurance software business.
Use of funds
Expand internationally
Hire staff
Invest in AI and data science
Funding history
Growth credit facility · This roundUndisclosed