FinTech News

Insurtech Startup Coterie Raises $27 Million

by Kyle BurbankMar 20, 2024

A Cincinnati-based insurtech company has revealed a new funding round.

About the round:

This week, Coterie announced it had raised $27 million in new funding. The oversubscribed round included participation from new investor Hiscox as well as returning investors Intact Ventures, Weatherford Capital, RPM Ventures, and others. To date, the startup has now raised a total of $102 million. With this new funding, the company says it will be able to deliver new insurance products, more sophisticated underwriting, and greater automation for policyholder servicing.

While announcing the funding, Coterie also highlighted some of its recent financial achievements. According to the company, it managed to grow revenue by more than 200% in 2023. Coterie also notes that it’s strived for “responsible growth,” maintaining an ultimate loss ratio of less than 60% for eight quarters in a row.

Around Coterie:

Coterie is a small business insurance managing general agent that strived to simplify the market. The company operates in all 50 states as well as D.C., enabling agents and brokers to instantly write small business insurance policies. Recently, the startup was named Best Insurtech by the FinTech Breakthrough Awards.

What they’re saying:

Commenting on the new funding round, Coterie CEO David McFarland said, “We’re incredibly grateful for the recognition and belief in how we’re reimagining the small commercial insurance space through continued innovation and dedication to independent agents and brokers.” He continued, “This is an incredibly exciting time in Coterie’s growth as we focus on bringing enhanced value for our partners by pushing boundaries to shape the future of insurance.”

Additionally, Weatherford Capital founding partner Drew Weatherford said of the investment, “Coterie continues to impress us with their innovative use of technology, data, and automation to simplify the quoting and binding process. We’re confident in this team’s ability to truly transform small business insurance.”

My thoughts:

The insurtech sector has been a growing segment of FinTech for some time now — and for good reason. While insurance products can be beneficial to consumers, small businesses, and professionals, buying policies isn’t always so easy. As a result, startups that can help simplify the process for all involved have found success.

That’s certainly the case for Coterie, which has now topped $100 million in funding. As mentioned, this news also comes as the company was named a top insurtech firm. All of this suggests a bright future for Coterie as the startup continues to expand its operations.

Author

Kyle Burbank

Head Writer ~ Fioney

Kyle is the head writer for Fioney. He is a personal finance nerd, constantly looking for new apps and services to test and incorporate into his own financial game plan. In addition to his role at Fioney, he's written for other publications including Born2Invest, Lifehack, and Laughing Place, as well as his own site Money@30. He also creates personal finance and travel-related videos for Fioney's YouTube channel, which has garnered more than 2 million views. Currently, Kyle resides in Springfield, Missouri with his wife of 10 years. Together, they enjoy traveling (including visiting Disney Parks around the world), dining, and playing with their dog Rigby.

NerdWallet Introduces Monthly "Financial Resilience Index"

by Kyle BurbankMay 22, 2026

The popular personal finance site NerdWallet has premiered a new monthly index meant to highlight how prepared American consumers are for economic uncertainty. About the Financial Resilience Index: This week, NerdWallet introduced the Financial Resilience Index. For this index, the site commissioned Harris Poll to survey 2,072 adults in the United States. These respondents were asked questions across three different categories: financial security, financial strength, and economic outlook. Specifically, the...

Credit Card News

Fanatics to Launch Rewards Credit Card with American Express

by Kyle BurbankMay 21, 2026

American Express and Fanatics have announced a partnership that will not only result in a new rewards credit card but will also lead to a new option for other cardholders. About the Fanatics American Express Card: This week, Amex revealed that it was teaming up with the sports merchandise site Fanatics. As part of this partnership, the two will create the Fanatics American Express Card. According to a press release,...

Personal Finance News

Bilt Partners with Flying Blue for Rewards on Rent for Cardholders

by Kyle BurbankMay 20, 2026

Those with the Air France/KLM rewards credit card can now earn bonus miles when paying rent via the Bilt platform. About the Bilt/Flying Blue Rent Payment Offer: Bilt is expanding its rent payment platform to give those with the Air France KLM Visa Signature Credit Card greater mileage rewards. Now, those cardholders can earn a total of 3 Flying Blue miles per $1 spent on rent payments made using Bilt....