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Irish FinTech Company receives €2m investment for AsiaPac Expansion

Written by Robert McHugh, on 28th Mar 2017. Posted in Technology

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It was announced today that ClaimVantage has secured €2m in funding to accelerate its international expansion. The funding was provided by the Davy EII Tax Relief Fund 2015, which is managed jointly by Davy and BDO. 
 
ClaimVantage which currently employs over 30 people globally, seeks to expand its workforce across its markets in Ireland, the United States, AsiaPac, Europe and South Africa, over the next five years.
 
The internationally-focused technology provider of claim management software provides cloud-based, automated claims processing solutions that drive efficiency, accuracy and productivity to a wide-range of insurance companies, Third Party Administrators (TPAs) and employers around the world.
 
Commenting on the investment, ClaimVantage CEO, Leo Corcoran said, "We see a huge opportunity in the AsiaPac region. After securing three deals in Australia over the past two years, we have identified a need in the market for cloud-based claim management software solutions to increase claim processing efficiency and support digital insurance. We are currently pursuing a Proof of Concept in Hong Kong and another in Japan. This funding will help us further develop our team to support this expansion."

Source: www.businessworld.ie

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