BlackFin Tech weekly

A review of the European Fintech deals, week by week

4 deals were announced last week:

  • Simplesurance raised $24m from existing investors Allianz and Rakuten. The company was incorporated in Germany in 2012 and started by selling affinity insurance products (such as insurance to cover your smartphone) through 3rd party websites. Think of them as the Stripe for affinity insurance products: they are making it very easy for the long tail of e-commerce websites to integrate an “insurance selling module” in their checkout processes. More recently the company expanded its offer to become a full insurance broker. The company sells products in 30+ countries with 2,000+ e-commerce partners.
  • Trussle raised a £13.6m Series B from Propel (venture fund of BBVA), Goldman Sachs and existing investors Finch and Seedcamp. They provide a fully digital experience for getting an renegotiating a mortgage. Habito is the other leading fully digital mortgage broker in the UK. Goldman Sachs owns French leading mortgage-broker franchise network Meilleurstaux, I am curious to see if Trussle & Meilleurstaux can find ways to collaborate.
  • Bewa7er, the Spanish Fintech company builder, raised a €1.3m Series A and announced a 3rd company as detailed below, after Indexa Investing (robo advisor) and Indexa Investing (fund manager of loans originated on marketplace lending platforms).
  • Bewater Funds, the 3rd company of Bewa7er raised €825k to develop a marketplace for secondary transactions of unlisted companies’ securities (typically buy and sell shares of startup company).
European Fintech & Insurtech VC deals announced on the week of May 7, 2018