Knip (Acquired/Merged)

insurtech | aggregators / policy management

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2694 VISITORS | 4105 VIEWS

FOUNDING YEAR: 2013

LOCATION:

Singapore

REGION:

Last Update:
18 Oct, 2019

Description

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.

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 & 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:

Viewable by subscribers only

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.

PEOPLE

FOUNDERS:

Dennis Just, Christina Kehl

Board Members and Advisors:

Reinier Musters, Alex Stockl, Radboud Vlaar

NUMBER OF EMPLOYEES:

51-200

INVESTORS:

Creathor Venture, Orange Growth Capital (OGC), QED Investors, Redalpine Venture Partners, Route 66 Ventures, Tim Ringel, Nils Reimelt

COMMENT:

Dennis Just is the co-founder and CEO of Knip. He invented and expanded the "digital insurance broker" as new field of insurance business. He also grew Knip to 120 FTE, 50+ mio EUR policy volume and raised 20+ mio EUR to drive the vision

TRACTION

VALUATION / MARKET CAP:

$103.1 MM in 2015

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$15.57 Millions

SEED PRIOR FUNDING COMMENT:

Undisclosed amount

FUNDING SERIES:

SERIES A

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SERIES B

$15.57 Millions Closed:

COMMENTS

SERIES A : An undisclosed amount was funded in Series A round.

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