Today In Payments Around The World: Kry Lands $300 Million; Icelandair, Cover Genius Collaborate On Medical Cover
In today’s top payments news around the world, Kry raised $300 million in a funding round that values the telehealth platform at $2 billion, while Icelandair has collaborated with Cover Genius to provide an embedded “Covid Plus” cover. Plus, Alibaba has strengthened its ties to Trendyol with a $350 million investment.
Swedish MedTech Startup Kry Raises $300 Million At $2 Billion Valuation
Kry, a Swedish MedTech upstart, landed $300 million in a funding round that values the telehealth platform at $2 billion, which is nearly three times the $700 million valuation the company had in 2020. Fidelity and CPP Investments headed up the funding round, with participation by existing investors Accel, Index Ventures and the Ontario Teachers’ Pension Plan. Kry’s telehealth platform sets times for digital doctor appointments in Germany, Norway and Sweden. It also has the Livi brand that is available in France and the United Kingdom.
Icelandair, Cover Genius Team To Provide Travelers With ‘Covid Plus’ Medical Cover
Icelandair has teamed with InsurTech company Cover Genius to offer an embedded “Covid Plus” cover for their global clients. “Our integration of Cover Genius’ XCover platform into our booking process means we can now offer our passengers and their travel partners peace of mind during their travel,” Birna Ósk Einarsdóttir, CCO Sales and Customer experience of Icelandair, said in an announcement. eBay, Intuit, Descartes ShipRush, Wayfair and Skyscanner are among some of Cover Genius’ partners.
Trendyol Seeks Additional $1 Billion After $350 Million Investment From Alibaba
Chinese tech company Alibaba has bolstered its ties to Turkish digital commerce platform Trendyol with a $350 million investment. The infusion reportedly provides Alibaba with an 86.5 percent share of the company, according to reports. Moreover, Trendyol is reportedly looking for a further $1 billion from United Kingdom and United States investors to back its global expansion plans. Trendyol is said to be Turkey’s most sizable eCommerce firm. Demet Suzan Mutlu established the firm in 2010.