Loxa, a UK-based Insurtech firm focused on revolutionising product protection, has successfully raised £125,000 through Angel Investment Network (AIN) as part of a £1.69 million Seed Round.
Loxa (formerly known as Bolt Cover) enables retailers to service their customers with Product Protection cover at checkout for repairable items such as furniture, eyewear, and power tools. Partnering with established insurance companies, Loxa provides embedded insurance solutions that retailers and manufacturers can easily integrate into the customer sales journey, both online and in-store.