Clark buys the Finance Group

The deal gives Clark Unicorn status. Allianz X becomes the largest minority shareholder.

Clark has acquired Allianz X's Finance Group and has risen to Unicorn status. For the purchase, the Frankfurt-based insurtech raised capital from its existing investors such as White Star Capital, Tencent and Yabeo. Allianz X also acquired shares in Clark as part of the acquisition, becoming the largest minority shareholder.

The information platform on insurance and financial products of the Finanzen Group is now to be integrated into the Clark offering. In future, users are to be supported from the search for information to the selection of a tariff.

"Our aim is to become the largest insurance broker in Europe - to this end, we will be bringing Clark to other European markets in the near future. With finanzen Group's motivated team and its established presence in five European markets, we are perfectly positioned to achieve this," says Clark Managing Director and co-founder Christopher Oster. The finanzen Group operates in Germany, France, the UK, the Netherlands and Switzerland.

Clark was founded in 2015 by Christopher Oster, Steffen Glomb, Marco Adelt and Chris Lodde in Frankfurt. The insurtech offers an insurance manager with which users can manage and compare their insurance policies. In addition to three locations in Germany, Clark is also represented in Vienna.