Finanzchef24 specializes in insurance for the self-employed and small business owners. The startup offers an independent online comparison as well as additional advice from in-house insurance experts. The Munich-based company currently serves 45,000 active customers, according to its own information. The startup plans to more than quintuple this number in the medium term.
Benjamin Papo, Co-CEO at Finanzchef24, welcomes the entry of the Americans:
"The commitment of a global player like Markel confirms the potential of our business model. Many of the traditional insurance segments for private customers have already undergone a massive digitalization transformation. When it comes to insurance solutions for small and medium-sized enterprises, however, we are still at the beginning. And we at Finanzchef24 are driving this development forward."
“The innovation and implementation competence of the Finanzchef24 team is enormous”
Frederik Wulff, CEO of Markel Insurance in Germany, confirms:
"In our collaboration with Finanzchef24, we have been continually impressed by how well their digital processes work, both for customers and insurers. The Finanzchef24 team's innovation and implementation expertise is tremendous. Above all, they understand their customers very well. This is a potential we want to benefit from not only as a product partner, but also as an investor."
Tobias Wenhart, Co-CEO of the Munich startup, adds:
"With our business model, we bring together what entrepreneurs expect from their insurance partner: simple and secure digital processes, strong consulting and technical expertise, and the independence of a broker. We are convinced that this is the future of SME insurance."
