With the capital, Home365 plans to expand to a number of American cities including Chicago, Seattle, and Phoenix.

The product is designed to offer better prices for safe and low-mileage drivers, as well as environmentally-friendly EVs and hybrid cars.

In the new offering, riders can pay a low monthly base rate determined by certain factors, such as the type of motorcycle they ride.

The new funding, led by JVP, will fuel Inshur’s growth plans, enabling it to bring new Insurtech product lines to an expanded market.

The annual list looks at US-based companies making it easier, faster and cheaper to use financial services.