TORONTO — June 27, 2023 — Flow Capital Corp. (TSXV:FW) (“Flow Capital” or the “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces that it has closed an investment in Wrisk Limited (“Wrisk”), a B2B2C insurtech provider with a current focus on the motor insurance space.
Wrisk offers an embedded white-labeled insurance platform to enterprise customers for pricing, distributing, and managing insurance products. Flow’s investment will help Wrisk accelerate its commercial activities, continue its growth within the UK and European markets, and further its global expansion efforts.
Wrisk maintains strong partnerships with global auto OEMs and insurance carriers. Its platform can be offered as a fully managed MGA service to UK clients or can be licensed to insurance companies and enterprise partners directly in the UK or globally. The perpetual insurance platform is unique in the UK and enables Wrisk to deliver a true subscription proposition.
About Wrisk
Wrisk is a digital-first insurance business that works with automotive brands to shape the future of their customers’ mobility and insurance experiences. Wrisk has created a customisable platform that empowers leading brands to build frictionless, mobile-first insurance experiences.
For more information, please visit www.wrisk.co.
About Flow Capital
Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. For more information on Flow Capital, please visit www.flowcap.com.
For further information, please contact:
Flow Capital Corp.
Alex Baluta
Chief Executive Officer
alex@flowcap.com
47 Colborne St, Suite 303
Toronto, Ontario M5E 1P8
Certain statements herein may be “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Flow or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Flow assumes no obligation, except as required by law, to update any forward-looking statements to reflect new events or circumstances.
