Novea Inc. Closes $55 Million Funding For Fintech Jacana Warranty'S Insuretech Platform

Dec 20, 2021•over 3 years ago

Amount Raised

$55 Million

Los AngelesFinancial ServicesHealth CareInformation TechnologySoftware

Description

Novea, Inc., ("Novea") a financial technology (fintech) software company founded in 2015, announced today that it has closed $50 million in equity and $5 million debt financing. The equity proceeds will go towards wholly-owned subsidiaries of Novea, Jacana Warranty and Jacana Insurance, to support a proprietary user application platform it developed which is revolutionizing the consumer warranty and service contracts industry. The debt proceeds will support general corporate overhead expenses.

Company Information

Company

Novea

Location

Los Angeles, California, United States

About

Novea Inc.is a financial services technology (FinTech) software company which has launched its proprietary user app, Jacana Warranty fully backed by Jacana Insurance, both wholly owned subsidiaries of Novea, Inc. Jacana Insurance is a captive specialty insurance carrier that offers warranties and service contracts on consumer products and electronics. Jacana Warranty has put the warranty buying power back into the hands of the consumer with the goal of becoming the consumer's ideal choice. For more information, please visit www.jacanawarranty.com.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Novea Inc. Closes $55 Million Funding For Fintech Jacana Warranty'S Insuretech Platform

Description

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Company Information