FRANK raises €2.9M to cut paperwork for insurance brokers

Portuguese insurtech FRANK has raised €2.9 million in a funding round led by Armilar and Start Ventures to further develop its AI-powered platform for insurance brokers and prepare for international expansion. Founded by Antonio Castro , Ricardo Vallejo and Alexandre Silva , FRANK is targeting the administrative workload involved in insurance brokerage. Tasks such as requesting home insurance quotes, following up on claims or updating client information can require brokers to work across email a