By ET Bureau - November 24, 2022 1 Mins Read
Taktile GmbH, a startup that helps companies such as banks and insurers automate business decisions, has closed a USD 20 million funding round. The Series A round, which was announced on Tuesday, was co-led by Index Ventures and Tiger Global.
The investment comes after a year in which Taktile says its revenue more than tripled. The process of figuring out how much to charge for an insurance policy typically involves several steps in the insurance industry. Furthermore, depending on the circumstance, those steps frequently change. A different set of tasks are involved in issuing an insurance policy for a small business than in negotiating a deal with a large corporation.
Similar to other businesses, banks have a number of steps in the loan-issuing process that can change depending on the nature of the transaction.
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