Insurtech startup MetaMorphoSys raised $3 million in its Pre-Series A led by Capital 2B where angel investors including Pavitar Singh and Dhruv Dhanraj Behl also participated.
MetaMorphoSys is a SaaS insurance platform for businesses. It assists insurance companies in the launch of a variety of insurance products for travel, automobiles, property, life, and business. The new funds will be used by the startup to develop and scale its platform, expand product offerings, and expand its sales team across geographies. It will also invest in the development of legacy integrations. The country’s fintech market is expected to reach $1.3 trillion by 2025, growing at a 31% CAGR. Insurtech is a sub-sector that will account for 26% ($339 Bn) of this total by 2025.