Kayna Raises €1.5 Million To expand In UK And USA

Founded in 2021 by CEO Paul Prendergast and CTO Peter Bermingham, Kayna provides embedded insurance infrastructure for vertical SaaS (VSaaS) platforms, allowing business software to offer insurance products to small businesses such as franchise networks, restaurants, construction and field services.

The platform includes AI-powered policy analysis tools, connects VSaaS platforms to multiple insurers and brokers, and enables businesses to access customized quotes and coverage directly within operational software.

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Kayna has deployed programmes in sectors like cyber, equine, and physical security, partnered with Willis Towers Watson, and expanded into the UK and US markets.

Paul Prendergast, CEO and Co-founder of Kayna, said, “All of the essential elements are now in place, allowing us to scale effectively in our key markets. We are immensely gratified with the ongoing commitment of our long-term investors backing us in this latest funding round and equally delighted to have secured new investors that add to the breadth of expertise with proven playbooks and dynamic international networks that we can tap into.

“With our global brokerage partner, a growing VSaaS client base and skilled Kayna team on board in Ireland and the USA, we’re ready to grow and aim to enable US$1 billion in commercial insurance transactions across the next five years.”