WEFOX REACHES TWO MILLION CUSTOMERS

wefox, the Berlin-based digital insurance company, now serves two million customers making it one of the first insurtechs to reach the milestone.

Julian Teicke, CEO and founder of wefox, said: “We’ve always been very clear about why wefox exists. We want to help people prevent risk and stay safe. We set out to disrupt an ancient industry and reinvent it using technology.”

“As a result, our insurance is simple and fit for purpose for the way we live today. Our customers enjoy new standards of insurance and service. And if the worst happens, we pay claims fast.”

“Reaching two million customers is proof that wefox is trusted. It demonstrates that our unique business model works and its testament to our focus on making insurance 10 times better through technology that keeps people safe,” added Mr Teicke.

wefox continues to double its revenues every year on track reaching $350m in revenues in 2021. The company already generated more than $200m in the first four months of business this year and is on track to reach its target for 2022.

wefox has grown the business from 550 people in 2021 to more than 1300 today and aims to continue hiring. Earlier this month, wefox announced the appointment of Prince Maximilian von und zu Liechtenstein and former Klarna executive, Hanna Jacobsson, to its board.

About wefox

[GER]

wefox. Empowering Insurance.

wefox wurde 2015 von Julian Teicke, Fabian Wesemann und Dario Fazlic gegründet. Das Ziel des InsurTechs: Empowering Insurance - die Versicherungsindustrie vollständig zu digitalisieren und so alle Akteure auf einfachem Wege zusammenzubringen.

Im März 2024 wurde Mark Hartigan zum CEO der wefox Gruppe ernannt, um das Unternehmen in die nächste Wachstumsphase zu führen. Seit der Gründung 2015 hat das Unternehmen seinen Umsatz jährlich gesteigert und 800 Mio. USD im Jahr 2023 erzielt. wefox hat aktuell knapp 3 Mio. Kunden in seinen Märkten Deutschland, Österreich, Italien, Polen, den Niederlanden und der Schweiz.

Im Mai 2023 erweiterte wefox seine Series-D-Finanzierung um 55 Mio. USD und sicherte sich eine zusätzliche RCF in Höhe von 55 Mio. USD von J.P. Morgan und Barclays. Das Unternehmen ist mit 4,5 Mrd. USD bewertet.

[ENG]

wefox. Empowering Insurance.

wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. wefox is an insurtech driven by a single purpose: Empowering Insurance - driving the digital transformation of the insurance industry and facilitating seamless collaboration among all stakeholders.

In March 2024, Mark Hartigan was appointed CEO of the wefox Group to lead the company into the next growth phase. Since its founding in 2015, the company has annually increased its revenue and achieved $800 million in 2023. wefox currently has nearly 3 million customers in its markets of Germany, Austria, Italy, Poland, the Netherlands, and Switzerland.

In May 2023, wefox expanded its Series D financing by $55 million and secured an additional RCF of $55 million from J.P. Morgan and Barclays. The company is valued at $4.5 billion


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