$2.5m equity funding from Setar Capital shows confidence in bright future

The insurance industry is undergoing a huge and necessary digital transformation.
At Amarillo, we’re excited about how Fusion, our bordereaux management tool, can aid this transformation by improving work flow, increasing efficiencies and boosting growth across the Delegated Authority insurance chain.
Clearly, others are excited about this potential too as this week we were delighted to announce a $2.5m equity investment into Amarillo from US based investment vehicle Setar Capital.
Transforming Delegated Authority data management
Anyone involved with Delegated Authority bordereaux management, whether MGAs, brokers or insurers, know the pain and frustration that comes with data handling. Poor quality data results in large amounts of manual data cleansing and validation. This leads to processing delays, inefficiencies and impairs effective decision-making.
Fusion and DASH, by Amarillo Technologies, alleviate these issues, integrating into existing systems via API, and delivering superior binder handling.
Fusion, the bordereaux management SaaS tool, brings together data from multiple binders into a single platform, collecting and cleansing core data from across the Delegated Authority insurance chain. Fusion’s automated processing reduces manual data interrogation, increases efficiency and boosts growth.
DASH, which is yet to be officially launched, is our reporting tool that delivers instant, clear oversight across portfolios, turning complex data into actionable insights, enabling strategic decisions to be taken with speed and confidence in the supporting data.
Together, these innovations save time, improve the assessment of risk and enhance operational performance across the insurance value chain.
Investment boost for future growth
The $2.5 million injection from Setar Capital marks an exciting point of growth for Amarillo Technologies. It will help accelerate further product development including greater API integration with our expanding partner network.
For Zoe Steele, our Managing Director, this investment represents the start of an exciting new chapter: “This investment marks a pivotal moment for Amarillo. With Setar Capital’s support, we’re better positioned than ever to scale our operations and continue driving our innovative product suite.”
Meeting market demands
The timing could not be better. As insurers continue to grapple with challenges around data and recording, and search for new solutions following the end of the Delegated Data Manager mandate in September of last year, Amarillo is ready to step in and fill the gap.
Steele adds: “We’re on a mission to redefine how the global insurance industry accesses, delivers and interacts with data. Through Fusion and Dash, we aim to change the way (re)insurers, MGA/MGU, coverholders and brokers seamlessly exchange this digital information.”
A shared vision
Setar Capital, with their extensive experience in capital management and helping companies drive growth, saw joining with Amarillo at this point as an ideal opportunity.
Speaking about the partnership, Mark Gregory, Vice President of Setar Capital notes: “We are thrilled to partner with Amarillo Technologies. Their knowledge and innovative approach to data within the insurance value chain aligns with our vision of a data-driven industry, driving better decisions, accurate pricing and improved client service.”
What’s next for Amarillo Technologies?
With exciting product developments in the pipeline and plans to take Fusion beyond the London and US markets, the future for Amarillo is bright. As Setar’s Gregory notes: “The global insurance market is attempting to improve data-driven portfolio risk management and reduce operational costs. We believe Amarillo Technologies is poised to become a market leader in this area.”
Book a demo to find out more about how Fusion is improving the way data is collected and used across Delegated Authority operations.