Vesttoo’s 2022 revenues spiked 267% to $110mn: Interim CEO Barlev
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Vesttoo’s 2022 revenues spiked 267% to $110mn: Interim CEO Barlev

Farhin Lilywala
August 21, 2023
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Vesttoo interim CEO Ami Barlev has detailed that the embattled InsurTech ended 2022 with revenues of approximately $110mn compared to $30mn the year prior, according to a declaratory filing from Friday.

The company's Ebitda for 2022 was estimated at $60mn compared to $20mn in 2021, the filings show.

Last week, the company filed a motion to maintain its current cash management system and existing bank accounts, including authorizing the debtors to...

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NewsInsurTechBermudaLegalVesttoo
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Farhin Lilywala
Section Editor, Distribution & Specialty
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