Share Talk Ltd

Ondo InsurTech PLC (LON: ONDO), a pioneering firm in technology that mitigates water leak claims for home insurers, announced that its performance for the fiscal year ending March 31 met expectations. The company informed investors that it concluded the period with £400,000 in cash and an equivalent amount in accounts receivable that was collected shortly thereafter. Ondo reported notable international expansion, especially with significant progress in the US market, marked by the initiation of partnerships in four states. The company has established collaborations with Nationwide in Ohio, Selective in New Jersey, Mutual of Enumclaw in Washington, and Pure Underwriting in New York, all of which have received favourable responses from insurers and customers alike. These successful introductions have bolstered confidence among Ondo’s management about the potential for further expansion into additional states and establishing more partnerships throughout the year. "The positive feedback and results from ou