Company Overview
Wrisk is a UK-based B2B insurtech redefining car insurance with a cloud-based embedded platform for Auto OEMs, insurers, and distributors. Known for innovative products like the UK’s first pay-by-mile insurance, Wrisk combines dynamic pricing, seamless policy management, and real-time analytics to serve clients globally.
Challenge
As Wrisk prepared to scale its MGA model across the UK and enter the US market, it needed £3 million in growth capital to convert enterprise clients and fuel expansion—without premature equity dilution. Despite strong product traction and high-value client discussions, Wrisk faced financing barriers due to loss-making status and concentrated revenue.
Results
Fuse Capital secured a bespoke £2 million facility from Flow, structured as a bullet repayment loan with minimal covenants and interest-only payments for three years. This flexible capital enabled Wrisk to invest in business development, talent, and new markets, resulting in a 142% revenue increase in FY24 and multiple enterprise client wins.