FinanceFox

insurtechaggregators / policy management

FOUNDING YEAR: 2014
LOCATION: Switzerland
Last Update: 18/10/2019

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About

FinanceFox is an application that manages and optimizes all users' insurance within the same app. It provides consulting expertise from the traditional insurance business with advanced technology.

MEDICI Analysis

FinanceFox is an application that manages and optimizes all users' insurance within the same app. It provides consulting expertise from the traditional insurance business with advanced technology.

Focus

PRODUCTS & SERVICES

Provides mobile applications to manage users insurance contract data. This application offers an overview of current contracts, conditions and tariffs.

REVENUE MODEL

The use of FinanceFox is completely free of charge.They charging the annual portfolio management brokerage fees, which are paid by the insurance companies.

MAIN CLIENTS

Consumers

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

VALUATION / MARKET CAP:

$36.67 M in 2015

VALUATION COMMENT:

Recent round valuation not updated.

ACTIVE USERS:

55000

People

FOUNDERS

Jonathan Seoane

Amir Suissa

BOARD MEMBERS AND ADVISORS

Amir Suissa

Teodoro Martino

Samuel Skoblo

NUMBER OF EMPLOYEES

51-200

INVESTORS:

AngelList

Horizons Ventures

IDinvest Partners

Salesforce

Samuel Skoblo

Seedcamp

Speedinvest

Target Global

Victory Park Capital

Momentum

FUNDED

YES

TOTAL FUNDING

$33.5 M

DATE OF LAST FUNDING

Sep 2016

SEED & PRIOR FUNDING

$5.5 M

SEED CLOSED ON

Jan 2016

FUNDING SERIES

SERIES A  · $28 M  · Sep 2016

LISTED

NO

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FinanceFox

About

FinanceFox is an application that manages and optimizes all users' insurance within the same app. It provides consulting expertise from the traditional insurance business with advanced technology.

Focus

PRODUCTS & SERVICES

Provides mobile applications to manage users insurance contract data. This application offers an overview of current contracts, conditions and tariffs.

REVENUE MODEL

The use of FinanceFox is completely free of charge.They charging the annual portfolio management brokerage fees, which are paid by the insurance companies.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

Working together with existing structures and acting as a partner for insurance brokers.

PRIMARY CUSTOMER TYPE

Small And Medium Business - Other

Consumer

STRATEGIC CLIENTS AND PARTNERSHIP

Salesforce : Lead Investor & Back-End Provider

Traction

ACTIVE USERS/ACCOUNTS:

55000 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Mainly with B2B2C Channel (Partnering with existing brokers)

CHANNEL STATUS

MULTIPLE CHANNELS

People

NUMBER OF EMPLOYEES

51-200

TEAM COMMENT:

Combination of StartUp & Old Economy

BOARD MEMBERS AND ADVISORS:

Teodoro Martino, Amir Suissa

INVESTORS:

AngelList

IDinvest Partners

Salesforce

Seedcamp

Speedinvest

Victory Park Capital

Momentum

FUNDED

YES

LISTED

NO

FUNDING SERIES
Seed
Jan 2016
EUR5 M
Comment on Seed
First funding round Salesforce Ventures