In the News
CEMET
AI helping cut the costs of motor insurance
Driverly is a new Cardiff-based insurance provider offering flexible car insurance through a monthly subscription-based policy.
31/01/23
Business Live
Car insurance fintech start up Driverly boosted with six-figure pre-seed investment round
Funders of the round into the Cardiff-based firm include the Development Bank of Wales
21/11/22
Wales247
Cardiff car insurance fintech backed by Development Bank
The Development Bank of Wales led a pre-seed equity investment into a Welsh car insurance firm during a recently closed funding round.
18/11/22
UK Daily News
Cardiff car insurance provider backed by Development Bank
The Development Bank of Wales led a pre-seed equity investment in a Welsh auto insurance company during a recently completed funding round.
18/11/22
Insider
Development Bank backs Car Insurance firm's funding round
The Development Bank of Wales has led a pre-seed equity investment into a Cardiff-based car insurance firm as part of a funding round.
18/11/22
Insurance Edge
Development Bank of Wales Invests 250K in Driverly
The Development Bank of Wales led a pre-seed equity investment into a Welsh car insurance firm during a recently closed funding round. Cardiff-based Driverly provides a unique, flexible, subscription-based car insurance service, using proprietary technology to offer flexible pricing to its customers.
21/11/22
Insurance Age
Development Bank of Wales invests in start-up broker
The Development Bank of Wales has invested £250,000 in Cardiff-based Driverly leading a pre-seed investment round of £525,000.
18/11/22
Crowdfund Insider
Driverly Achieves UK “First” for Dynamically Priced Insurance as it Receives Direct Authorization from FCA
Driverly is pleased to announce it has received direct authorization from the Financial Conduct Authority (FCA) “to sell car insurance after a thorough review of its processes and governance structure.”
14/02/23
The Managing General Agents' Association (MGAA)
Driverly Insurance, the flexible car insurance provider which uses tech to reward good drivers, backed by Development Bank of Wales
Driverly, the flexible car insurance provider which uses tech to reward good drivers, backed by Development Bank of Wales
18/11/22
Finextra
Driverly achieves FCA authorisation for dynamically priced app based insurance
Driverly has announced it has received direct authorisation from the Financial Conduct Authority (FCA) to sell car insurance after a thorough review of its processes and governance structure.
13/02/23
Fintech Finance
Driverly achieves UK first with FCA authorisation for dynamically priced app based insurance
Driverly has announced it has received direct authorisation from the Financial Conduct Authority (FCA) to sell car insurance after a thorough review of its processes and governance structure.
13/02/23
EIN Newsdesk
Driverly achieves UK first with FCA authorisaton for dynamically priced app based insurance
Driverly Insurance is the first app based dynamically priced insurance provider to be directly authorised by the FCA (Financial Conduct Authority)
11/02/23