Retention and engagement infrastructure for insurers, powered by open-banking insurance credits
Fruga is a Manchester-based insurtech that gives insurers and MGAs a retention and engagement layer embedded in their customer portals. Policyholders link a bank account or payment card to their cover and earn insurance credits on purchases with selected retail, grocery and travel partners, which build up and are applied as a discount at renewal. Previously self-funded, it raised £1m in October 2026 from NPIF II – PXN Equity Finance (Northern Powerhouse Investment Fund II, managed by PXN Ventures) and Haatch to grow its team and insurer partnerships; it already works with Money Expert.
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