Latest Insurtech News

A handful of small caps ripped higher, but plenty still slipped even after good news. This week’s biggest moves came from a platform partnership win, a reinstated stock, and a cash settlement that removed a long-running dispute.

Scout Security has completed a strategic merger with Roo Inc, creating a global DIY security platform with nearly a million users, and entered the insurtech sector through a new partnership with Bolt. The company also raised A$400k to support its expanded operations.

Scout Security has inked a pivotal deal with global insurtech leader Bolt to supply water sensor kits, marking its strategic entry into the US insurance technology sector and validating its recent acquisition of Roo Inc.

Scout Security has made significant strides toward merging with Roo Inc, secured $600,000 in fresh capital, and progressed a new Insurtech partnership, all while managing tight cash flow in the September quarter.