The funding round doubles the insurtech unicorn's valuation to over $2bn with backing from Portage, BlackRock, and Columbia Lake Partners.
"Our ambition is to become a one-stop-financial-shop for newcomers so they feel as though it’s easy to move to, and live in, a different country. We’ve already supported over one million people in the UK with their insurance needs, but we’re only just scratching the surface. There are still major financial services barriers that make it harder for newcomers to settle and take part in everyday life. This funding gives us the capital to solve these problems and deliver against our mission."
The funding round was backed by Midven, Rigby Group, and Haatch Ventures.
"This investment, coupled with our success in the OneToWin competition, marks a significant milestone in our mission to revolutionise affordability assessments. With this funding, we can expand our team, enhance our technology, and bring our innovative solutions to a wider market. It’s hugely rewarding to be able to improve the financial well-being of individuals whilst also increasing efficiency for creditors."
The Series B round attracted backing from a mix of new and existing institutional investors.
"The entry of new major investors, alongside the continued support of those who have already believed in our transformative approach, is a powerful endorsement of the strength and scalability of our model. Closing a Series B round in today's market is a significant achievement—and marks the beginning of a new growth phase."
The oversubscribed round was led by Fuel Ventures with participation from EWOR, Greyhound Capital, and Mark Ransford.
"This funding underscores the confidence in our vision to revolutionize global payment processes for industries burdened by outdated and costly solutions. By implementing our smart wallets and leveraging leading stablecoins for speed and security, Damisa will significantly simplify escrow services and cross-border payments, providing greater transparency to businesses operating internationally, especially in complex, emerging markets. We are eager to deliver immediate, tangible benefits to customers across the logistics, real estate, travel, and education sectors."
The funding will support the company as it scales its proprietary technology and broadens access for non-institutional investors.
"This is digital transformation for private equity. Treble Peak’s innovative approach to streamlining the private equity process is exactly what the industry needs."
