Emma receives C$2 million loan from Silicon Valley Bank

Canadian life insurance fintech Emma has received a C$2 million loan from Silicon Valley Bank, which it says comes just months after the announcement of C$6 million Series A funding from Luge Capital, Investissement Québec and Tactico.

The company, which launched in August 2018, recently enhanced its service offering by introducing two new products, 10-year and 20-year term life insurance.

Felix Deschatelets, chief executive officer (CEO), and co-founder of Emma, said the company’s goal has always been clear: “to simplify the process of buying life insurance as much as possible and to facilitate consumer access by democratizing insurance in Canada.”

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