Knip

insurtechaggregators / policy management

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: Switzerland
Last Update: 19/01/2021

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About

Dennis Just and Christina Kehl founded Knip AG in September 2013. Ever since, we have been growing in leaps and bounds, and now have over 100 employees based in Berlin (Germany), Belgrade (Serbia), New York (USA) and Zurich (Switzerland). As a start-up, we are funded by venture capitalists from the U.S., Switzerland, Germany, and the Netherlands. Our company is registered with Finma and IHK, the German Chamber of Industry & Commerce. Knip is certified by TV, the German Technical Inspection Agency. The Knip-App is an innovative mobile insurance manager that makes it easy for you to track all your insurance policies, premiums, and benefits. Our insurance experts are there to advise users on all facets of their policies. You can electronically adjust premiums, execute new policies, or cancel old ones. Our insurance experts strive for transparency and unbiased advice.

MEDICI Analysis

Knip is an innovative digital insurance manager that gives users an easy-to-understand overview and analysis of existing insurance policies, tariffs and services. It helps users to manage and optimize their insurance policies. It offers information about insurance, fintech & startups to the users. It is available for both iOS and Android users. It is also a comparison platform that enables users to compare between various health insurance products.

Focus

PRODUCTS & SERVICES

To manage Insurance policies & tariffs on mobile app. Users can get an overview of all their policies, from household items to cars through the mobile app. They can also avail for expert insurance advice at any time.

REVENUE MODEL

Company earns revenue by collecting commission and management fee from insurance companies.

EXISTING PARTNERSHIPS

In June 2017

Knip have completed a merger with komparu to create "the digital insurance group" and post-merger its platform will be serving a third of the nearly 1.1 trillion euro European insurance market. Knip app has 400,000+ downloads.

PRIMARY PROBLEM SOLVED

The app makes it easy for users to track all their insurance policies, premiums, and benefits.

COMMENT

The app gives its users an overview of existing insurance policies, tariffs and services, as well as automatically analyses their insurance coverage to spot any potential gaps and provide recommendations on how to improve individual insurance protection.

Traction

VALUATION / MARKET CAP:

$103.1 M in 2015

COMPANY TYPE:

For Profit

company provided insights
Acquisitions

M&A

ACQUIRED BY

Digital Insurance Group

ANNOUNCED DATE

Jun 2017

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,634

AVERAGE VISITS (6 MONTHS)

1,070.05

MONTHLY VISITS GROWTH

10.08%

VISIT DURATION

20

VISIT DURATION GROWTH

-89.25%

PAGE VIEWS VISIT

1.67

PAGE VIEWS VISIT GROWTH

29.4%

BOUNCE RATE

36.13%

BOUNCE RATE GROWTH

-34.78%

GLOBAL TRAFFIC RANK

4,896,144

MONTHLY RANK CHANGE

-3,403,068

MONTHLY RANK GROWTH

-41%

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Knip

About

Knip is an innovative digital insurance manager that gives users an easy to understand overview and analysis of existing insurance policies, tariffs and services.

Focus

PRODUCTS & SERVICES

To manage Insurance policies & tarrifs on mobile app

REVENUE MODEL

Company earns revenue by collecting commission and management fee from insurance companies.

TOP PROBLEM SOLVED

The app makes it easy for users to track all their insurance policies, premiums, and benefits.

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

BOARD MEMBERS AND ADVISORS:

Reinier Musters, Alex Stockl, Radboud Vlaar

INVESTORS:

Creathor Venture

Nils Reimelt

Orange Growth Capital (OGC)

QED Investors

Redalpine Venture Partners

Route 66 Ventures

Tim Ringel

Momentum

FUNDED

YES

TOTAL FUNDING:

$15.57 M

LISTED

NO

FUNDING SERIES

SERIES B  · $15.57 M  · ---