Insurtech partnership news: Nationwide, Roamly, Kin Insurance

Nationwide has partnered with Funding Circle, a small business lending platform, to offer insurance coverage digital along with the latter’s cash funding offerings. The platform will also feature resources on other needs, such as payroll and software, in new virtual resource centers. “This partnership with Funding Circle is another example of Nationwide’s commitment to addressing the challenges small business owners are facing – offering expert guidance and comprehensive insurance and lending resources hand-in-hand to help them make informed decisions to fortify their business and livelihoods,” said Kasey Ketcham, AVP of commercial digital enablement at Nationwide.

RV insurtech Roamly is integrating with Wheelbase, a software product for RV fleet operators, to offer its insurance coverage to customers who book rentals through companies using Wheelbase. This is an expansion from the company’s core customer of individual RV owners who rent on platforms like Outdoorsy. In addition to casualty coverage, Roamly also offers trip cancellation coverage and interior damage coverage for renters, as well as benefits that reimburse the traveler if they insure plans that go unused, even if prepaid or non-refundable.

Kin Insurance and Omnichannel Acquisition Corp., a special-purpose acquisition company or SPAC, have terminated their business combination agreement. “we have collectively decided that current market conditions are simply not conducive to Kin becoming a public company at this time,” says Kin CEO Sean Harper. Axios is reporting that Kin is in talks to raise as much as $75 million to $100 million through private channels after abandoning the plan to go public.