This start-up is said to have secretly raised 100 million euros

Fintech Wefox apparently got money from investors, but didn't make a big deal about it. A media report has now revealed this.

Last year went more than well for Julian Teicke. In two funding rounds, his fintech Wefox raised 200 million euros and now proudly bears the title "Unicorn". This is how start-ups with a valuation of more than one billion euros, or one billion US dollars in the USA, describe themselves.

Anyone with such a high valuation can well do without talking about a capital injection of 100 million euros. But that's exactly what Wefox got in September, as FinanceForward and Finanz-Szene.de

report in a joint research. According to the finance blog, however, the money is not venture capital, but a mixture of credit and convertible loans. I wonder if that's why Wefox is keeping quiet? Or did they want to communicate a higher sum later?

In any case, the start-up seems to be doing well with its platform, through which it connects insurers, brokers and customers. The company was already said to be doing $100 million in revenue with more than half a million customers when it raised its last round of funding. Teicke's startup also offers One Insurance, a digital insurance company of its own, which includes liability insurance in its lineup.