Saudi FinTech and InsurTech startup Rasan has secured $24M in its latest funding round led by Impact 46, a Saudi asset manager and advisor.

This funding round accelerated growth in the InsurTech domain in the KSA.

Founded in 2015, Rasan aims to disrupt Tech solutions to the insurance brokerage and financial services sectors through its platforms Tameeni Motor, Tameeni SME Health, and Treza.

Rasan’s Tameeni Motor was established in 2017 as Saudi’s first authorized and licensed online insurance aggregator in Saudi Arabia by the Saudi Central Bank.

The platform offers instant policy issuance through its ability to engage in real-time across insurance and financial transactions.