Berlin based insurance management startup FinanceFox has closed a $28m Series A funding round led by Horizons Ventures. FinanceFox lets you store of all of your insurance policies in a single app, through which you can also file and manage insurance claims.
“We’re not a bunch of startup dudes saying we’re disrupting insurance… we’re not a bunch of arrogant pricks,” FinanceFox co-founder and CEO Julian Teicke told me during a call late last week. The company, which is announcing $28 million in Series A funding today, is one of a number of European ‘insurtech’ startups who are attempting to bring insurance into the digital age. But, unlike others, such as Clark and Knip, Teicke says FinanceFox is as much a platform for existing insurance brokers as it is an app to bypass them altogether. Brokers can transition their customer base onto the app, as well as use it to spot holes in and sell additional coverage. “We’re working together with industry experts who have experience,” says the FinanceFox CEO.The startup’s boss in Switzerland is Michael John, president of the national brokers association.