Ominimo, a Serbian-Hungarian InsurTech startup, has secured €1.4 billion ($1.6 billion) in Series B funding, marking a significant milestone just two years after its launch. The profitable company, which has seen its annualized gross written premium run-rate surge to approximately €306.8 million ($350 million), plans to use this capital to obtain its own insurance license, expand into new European markets like Belgium and Spain, and prepare for a 2027 U.S. launch. The round was led by the European Bank for Reconstruction and Development (EBRD) and will also fund further investment in technology and AI, alongside recruiting top-tier data scientists and software developers.