Insurely Due Diligence
Run due diligence on Insurely: check compliance and get alerts when suppliers change.
Sweden · www.insurely.com · 7 vendors
Insurely is an open finance provider that offers solutions for the insurance and pension industry. The company aggregates and standardizes financial data, including insurance, pension, investment, mortgage, and loan data, from various financial institutions. This enables banks and insurers to access real-time personal financial data with user consent, facilitating improved customer experiences, lead generation, and product development.
Resilience scores
- Digital Sovereignty: 14
- Digital Resilience: 7
- Financial Resilience: 5
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Services catalogue
1 service in catalogue across 1 category; runs on 7 sub-vendors.
- Insurely
Insights
Last updated 2026-06-14 · revision 2
7 direct vendors, 133 subvendors
Direct vendors by controlling owner country (sample)
- United States: 5
- Canada: 1
- Sweden: 1
Subvendors by controlling owner country (sample)
- Israel: 1
- Finland: 1
- Italy: 1
Compliance
7 in-scope frameworks identified; showing 3.
ISO 27001 (source) — Evidence found
Evidence: https://www.insurely.com/security
Swedish Financial Supervision Authority — Evidence found
Evidence: https://www.insurely.com, https://www.insurely.com/security, https://www.insurely.com/our-story, https://www.insurely.com/press
PSD2 — Evidence found
Evidence: https://www.insurely.com/press
Financials
Three-year financials
- 2023:
- 2022:
- 2021:
Financial Resilience Score: 5/10
Insurely AB is a venture-funded Swedish insurtech scale-up that has raised approximately USD 25-27 million in total disclosed funding, including an USD 18 million Series A led by Insight Partners in 2021 and a roughly USD 6 million extension in 2022. The company benefits from a credible institutional backer, blue-chip enterprise customers (BNP Paribas, Avanza, Nordnet, Skandia, ICA Försäkring), and regulatory status as a registered insurance intermediary supervised by Finansinspektionen. These provide a meaningful moat and customer stickiness typical of multi-year enterprise contracts in financial services. However, like most Series-A insurtechs, the company is likely operating at a loss with equity replenished primarily through share issues rather than retained earnings. Cash runway depends on continued ability to raise capital in a tougher European fintech financing environment. The business case is partially predicated on the EU FIDA (Financial Data Access) regulation creating a tailwind, which introduces regulatory timing risk. Customer concentration among a small number of large bank/insurer contracts and competition from open-banking players expanding into insurance (Tink/Visa, Nordigen/GoCardless) further constrain resilience. Overall, the company has reasonable backing and positioning but limited financial self-sufficiency.
Key strengths: Strong institutional backer (Insight Partners) supporting follow-on capital access, Blue-chip enterprise customer base with sticky multi-year contracts (BNP Paribas, Avanza, Nordnet, Skandia, ICA Försäkring), Regulatory tailwind from upcoming EU FIDA (Financial Data Access) regulation, Registered insurance intermediary status under Finansinspektionen creates barrier to entry, Total disclosed funding of approximately USD 25-27 million across seed, Series A, and extension rounds
Risk factors: Cash burn and path-to-profitability risk typical of Series-A insurtechs, Runway dependent on continued equity fundraising in tougher European fintech climate, Customer concentration risk with small number of large bank/insurer anchor contracts, Regulatory dependency on FIDA being adopted and implemented on schedule, Competitive pressure from open-banking players (Tink/Visa, Nordigen/GoCardless) expanding into insurance, FX and country-mix risk as company expands from SEK into EUR and DKK markets
Workforce by country
- Sweden: 65
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