Wefox
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The company’s investors have also provided EUR 25mn in fresh capital. -
JP Morgan and Barclays provided the InsurTech with $55mn in a revolving credit facility.
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The fast-growing InsurTech has made headlines for its mega funding rounds in recent years.
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The funding round has increased the InsurTech’s post-money valuation to $4.5bn.
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The InsurTech also recently hired Dr David Stachon, the former CEO of Generali’s German direct insurer CosmosDirekt, as COO.
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In an exclusive interview, CEO Julian Teicke described ambitious plans for more than 70 product launches by the end of 2022, and why he doesn’t need to consider IPOs right now.
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The executive has worked for Ergo, Direct Line and Generali.
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InsurTech’s staff each receive share options worth €5,000.
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The Julian Teicke-led InsurTech confirms 2020 revenue of $143mn.
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