Undisclosed · Growth/Late · Fintech · London, UK
London-based insurance software company INSTANDA has secured an undisclosed growth-credit investment facility from Palatine Growth Credit. According to Palatine's 3 August announcement, the financing will support expansion in existing and new markets, additions to the team and infrastructure, and further investment in AI and data science.
Founded in 2015 by Tim Hardcastle and Derek Hill, INSTANDA operates in the UK, US and Australia. Palatine says insurance products built on the platform are now sold in almost every country. The company serves carriers, managing general agents and brokers that need to create, distribute and administer policies without rebuilding every product inside a conventional core system.
Configuration moves product change out of the IT queue
INSTANDA's commercial proposition is not simply faster software development. Its cloud-based policy-administration platform lets insurance business teams configure products, rating rules, documents, customer journeys and distribution channels without changing the underlying code. APIs connect those products to payment, data and other third-party services, while a common platform can support quote-and-bind, policy administration and self-service workflows.
That matters because insurance products change with pricing, regulation, geography and distribution. A configurable system can shorten the path from a product decision to a market launch, but the value depends on whether each implementation remains reliable across integrations and local requirements. In one company-issued case study, Green Shield Risk Solutions built a specialist homeowners product in 90 days and connected it to proprietary wildfire analytics. That is a vendor-reported example rather than an independent benchmark, but it illustrates the operating problem the platform is intended to solve.
The facility backs a repeatability test
Palatine's capital gives INSTANDA more capacity to add people and product capability while extending its footprint. The company already names large insurers including Hiscox, Standard Bank, HDI and Bupa among its customers. Its challenge is to make the model repeatable: entering another country or insurance line still requires local rules, data connections, distribution relationships and implementation support, even when the underlying platform is shared.
The new credit facility follows a $20m equity round announced in October 2025, which INSTANDA said took total funding above $85m. At that point it reported more than 80 large-carrier and MGA clients, profitability and growth above 40% CAGR. Those are company-reported figures, but they explain why the latest financing is directed at scale rather than initial product validation.
The distinction between equity and credit also matters. Palatine has not disclosed the facility's size or terms, so the announcement does not establish how much capital INSTANDA can draw or on what timetable. The execution marker is clearer: whether investment in hiring, infrastructure and AI helps the company support more insurers and jurisdictions without implementation demands growing as quickly as its customer base.
