Amsterdam-based FinTech start-up MarvelX has raised $6m in seed funding to launch its AI-powered platform targeting the insurance industry.
The round was led by EQT Ventures, with participation from high-profile angels including Jobi George, Keith Grose, Yana Abramova, Humphrey Valenbreder, Mehdi Ghissassi, and Plug and Play.
MarvelX, founded by former bunq head of data and AI Ali el Hassouni, is developing a vertical AI agent platform designed to automate up to 90% of operational workflows. Its first product, ClaimOS MaX, is focused on insurance claims processing, fraud detection and customer communication.
The platform connects seamlessly with insurers’ existing systems to centralise data and replace manual processes with intelligent automation. Early results show it can reduce approval times from days to minutes, flag fraud in real time, and deliver personalised claim updates.
MarvelX’s first client is Companjon, a leader in embedded insurance.
MarvelX CEO Ali el Hassouni said, “EQT Ventures has experience building companies in this area. They’ve already successfully done it. We had interested parties with over 150 inbound investor approaches that we selected from but EQT Ventures’ long-term vision and track record in working with teams in this area before made it an obvious partner of choice for us. Their clear, long-term plan to support us on our growth journey resonated with us and we’re looking forward to many more successful milestones together.”
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