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Wefox
Digital insurance solutions
- 501-1000 employees
- Fintech
- B2C
- Marketplace
- Insurance
- Mobile
- Tiergarten, Berlin, Germany
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Company mission
wefox's mission is to make insurance 10x better for individuals, brokers, partners, and insurers.
9% employee growth in 12 months
Our take
wefox is an insurtech platform where shoppers can compare and purchase insurance products from their phones, and onto which brokers can onboard their clients to help manage operations. The aim is to complement, not render obsolete, the role of the human agents and brokers with whom wefox works.
The company focuses on personal insurance products, such as household insurance, motor insurance and personal liability insurance. It hit Unicorn status in 2019 - becoming the fastest-ever European Fintech to do so - and was valued at over $4.5 billion in 2023.
wefox is continuing to double its revenues and maintain a focus on growth with a clear path towards profitability, whilst strengthening its Board with the appointment of strong senior talent. It is investing heavily in deepening its European presence, expanding to Asian markets, and off the back of debt funding at the end of 2023, is focusing more on its broker operations. Despite layoffs in the same year, it is rapidly developing and releasing new insurance products to continue its disruption of the $5.2 trillion industry.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Private Health Insurance
- Training and Coaching opportunities
- Stock Ownership Plan after 2 years
- Discounted fitness memberships
- Up to 50% of your public transport costs reimbursed
- Language lessons (English, German or Spanish)
- Free access to a mental health and well-being platform for personalised care, such as 1:1 coaching and therapy sessions
- 26 working days of vacation + 24th and 31st December
- Seniority days: one day of extra holiday per employment year starting from the 2nd anniversary in the company (up to 30 days total holidays)
- A stack of the latest technologies and working gadgets
- Free coffee, fruit, and snacks because we need fuel!
Company values
- We are authentic
- We make things possible
- We communicate clearly
- We are team players
- We keep focused
Funding (last 2 of 9 rounds)
Jul 2024
$26.8m
CONVERTIBLE
Nov 2023
$55m
CONVERTIBLE
Total funding: $1.5bn
This company has top investors
Leadership
Fabian Wesemann
(CFO)Previously an associate and analyst at Deutsche Bank, he then co-founded and worked as a mentor at EMPAUA.
Dario Fazlic
(CRO & Member of the Board)Previously founded MOVU AG, and has gone on to invest in the likes of ImmoZins, The Singularity Advisors, and Schlaufux.
Julian Teicke
(CEO)He has a number of co-founder credits to his name, including HeartSpace, doctorly, and Kenjo.