Texas-based Bestow bags $3.7m in funding

Texas-based algorithmic underwriting company Bestow has netted around $3.7m in its latest fundraise, FinTech Global can reveal.

The firm received this capital from 21 investors, according to the latest US Securities and Exchange Commission filings.

Bestow uses its platform to measure risk within minutes and without the need of a medical exam, allowing customers to quickly pick a life insurance product. The service removes the unneeded aspects of previous insurance modals, to ensure people get the right product.

Through the platform, users can offer others support for their policies, with the Bestow Foundation.

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