Lemonade agrees to sell Metromile’s EBS business to EIS
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Lemonade agrees to sell Metromile’s EBS business to EIS

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Lemonade has announced a deal to sell Metromile’s Enterprise Business Solutions (EBS) business to insurance platform EIS for an undisclosed amount.

The all-cash deal was completed following the closure of Metromile’s $500mn acquisition by Lemonade last week.

EBS was Metromile’s SaaS claims automation and fraud detection platform which was licensed by the Californian pay-per-mile InsurTech to large insurance companies.


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