Wechselgott receives 5.6 million euros - cooperation with Volksbanks

The Leipzig-based InsurTech Wechselgott has raised €5.6 million. Investors include broker pool Fonds Finanz and Volksbank Mittelhessen.

After its latest round of financing, the start-up Wechsegott, founded in 2019, is now worth 28 million euros. With the investment, the insurtech aims to develop new products and expand its offering.

As reported, Fonds Finanz has joined as a new investor. Finance Forward reported. The largest German broker pool is a known quantity on the insurance market. Volksbank Mittelhessen has also invested in the start-up. "We are convinced that the young FinTech will quickly gain further market share with its sophisticated, digital solution," Lars Witteck, board member of Volksbank Mittelhessen, told the IT Finance Magazine.

16 credit unions now offer their customers the Wechselgott service. They link the offer on their websites. If Volksbank customers then switch to a cheaper contract via Wechselgott, the start-up receives 20 percent of the savings. In turn, the Volksbanks get half of that.

Wechselgott was founded in 2019 in Leipzig and aims to optimize insurance switching. Users connect their bank accounts to a free app. It automatically recognizes the concluded insurance contracts and lists them. In addition, Wechselgott suggests cheaper contract alternatives.


Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Startup 2018 Leipzig Wechselgott Contract manager for private contracts, which automatically books the individual appropriate tariff.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts