GT Motive receives €10m backing

Kartesia, a provider of financing solutions for small and mid-sized European companies, has provided €10m financing to GT Motive, a software provider for the European automotive insurance market.

The company was born out of an alliance between the European company GT Motive and America’s Mitchell International.

The new company formed from this alliance is seeking to revolutionise the European market with its communication platforms and claims management systems.

Jaime Prieto, managing partner at Kartesia, said, ‘We are pleased to support GT Motive and its management team in expanding across Europe. The investment made over the last few years in the platform has resulted in a superb and cost-efficient solution for automotive insurance providers looking to improve customer service and claims management.’