Covid-19: App-based broker Lenny closes down after backers exit

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Insurtech broker Lenny has announced it is closing its operations following the coronavirus outbreak, Insurance Age can reveal.

In a statement on the broker’s website, chief executive officer Karin Nielsen, said: “It’s with a real heavy heart I need to let you know that Lenny is now closed forever.

“Like most start-ups we need cash to help us get off the ground, pay our team and keep the lights on. 

“Unfortunately, our backers are no longer in a position to provide us with the funding we need

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