Case Study: Wrisk achieves profitable growth and international expansion with Flow Capital venture debt

Wrisk grows revenue 142% with Flow Capital

Wrisk, a UK-based InsurTech company, faced the challenge of scaling its embedded motor insurance platform across new OEM partnerships and expanding into Europe without unnecessary equity dilution. To fund this growth while operating within the strict constraints of the FCA-regulated insurance sector, they sought a flexible capital solution and partnered with Flow Capital.

Flow Capital provided a C$4.25 million senior secured note, a bespoke venture debt facility structured around Wrisk's regulatory requirements. This minimally dilutive capital from Flow Capital funded UK commercial growth and platform enhancement, which led to a 142% revenue increase and 150% policyholder growth within a year. The successful rollout helped Wrisk achieve profitability in the UK and paved the way for a subsequent £12 million Series B round.

Wrisk