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FlexFin: The FinTech Game Changer Acquired By Alpha Bank To Revolutionize Factoring

by THEFUTURE.TEAM

January 29, 2025

Alpha Bank has acquired 100% of FlexFin, a pioneering FinTech company that offers liquidity solutions to small and medium-sized enterprises (SMEs). This strategic move aims to integrate FlexFin’s factoring operations with Alpha Bank’s ABC Factors, strengthening its presence in the factoring market.

FlexFin, founded in 2017 in Cyprus and later expanding to Greece, provides innovative factoring services, helping businesses quickly turn invoices into cash to cover daily expenses. The company serves SMEs in both Cyprus and Greece, focusing on a market that was previously overlooked by larger factoring firms.

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Co-founded by Dimitris Vranopoulos and Alexandros Kelaiditis, FlexFin has garnered support from over 45 investors, including the National Bank of Greece, RayCap, and IQBICITY. The company’s Greek subsidiary achieved a significant revenue increase, reporting €1.1 million in 2023, up from €568,000 in 2022.

FlexFin’s services, which help businesses obtain liquidity even when traditional loans are unavailable, fill a crucial gap in the market. The acquisition by Alpha Bank is expected to enhance the bank’s ability to provide comprehensive financial solutions for SMEs.

The company’s success is backed by a team of experienced leaders, including Vranopoulos, a former Goldman Sachs executive, and Kelaiditis, who has extensive experience in investment banking. FlexFin’s growth is set to continue under Alpha Bank’s ownership, offering more efficient and accessible funding solutions to SMEs.

AI Startup InsureVision Secures $2.7M To Predict Car Crashes Before They Happen

by THEFUTURE.TEAM

March 12, 2025

Imagine a world where your car doesn’t just react to accidents—it predicts them before they unfold. That’s the bold vision behind InsureVision, a London-based AI startup that just closed a $2.7 million seed round to turn predictive crash prevention into reality.

Why This Matters

Backing from State Farm Ventures, Rethink Ventures, and Twin Path Ventures signals serious industry confidence. State Farm, one of the world’s largest insurers, rarely bets on early-stage startups, making its participation a major endorsement of InsureVision’s tech.

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The Tech: AI That “Sees” Like A Human

Founded in 2023, InsureVision has built an AI system designed to process real-time video from standard car cameras—an approach they call “enviromatics.” Unlike conventional GPS-based trackers that assess risk through raw data points like speed and braking, InsureVision’s AI interprets the full driving environment.

Here’s the difference:

Traditional systems might flag sudden braking as reckless.
InsureVision’s AI understands that a pile-up ahead is the real risk and recognises defensive driving rather than penalising it.

Who’s Buying In?

The advanced car safety tech market is projected to grow from $21 billion today to $40 billion by 2030, and InsureVision wants a sizable cut. Its AI could reshape risk assessment for:

Insurance companies offering personalised pricing based on actual driving behaviour.
Fleet operators (think Uber, logistics firms) seeking real-time risk monitoring.
Automakers integrating AI-driven safety features to comply with evolving regulations.

Next Steps

Trials with major U.S. insurers are underway, with Japan next in line for expansion. Results from these pilots are expected by mid-2025.

“We’ve built a vision transformer—an AI that learns from what it sees, not just mechanical data like speed or acceleration,” says CEO Mark Miller. “This brings real-world context into risk assessment, making it a fundamentally more human approach.”

For investors and industry insiders, the bet is clear: If InsureVision delivers, it won’t just improve road safety—it could redefine the economics of auto insurance.