In a statement, Octopus Ventures’ fintech investor Tosin Agbabiaka said, “For decades, companies looking to guarantee future transactions were forced to stomach high costs, significant collateral requirements, and a slow, analogue process. BondAval’s technology changes that, applying surety to micro B2B transactions to transform the cost structure of the product.”

https://techcrunch.com/2021/10/19/supply-chain-focused-insurtech-startup-bondaval-lands-7m-from-octopus-ventures/