• FOUNDING YEAR: 2012
    LOCATION:
    Germany
    REGION:
    Berlin
    Last Update:
    16 Mar, 2020

Description

FOCUS

PRODUCTS & SERVICES:
e-commerce provider for product insurances.
EXISTING PARTNERSHIPS:
The company is in partnership with OnePlus, Rakuten, Real, Nokia, Honor, Huawei, Revolut, Misco.
PRIMARY PROBLEM SOLVED:
The platform provide retail outlets a way to extend the level of service they provide to customers, as well as increase their own profit margins by offering insurance or extended warranties on their own products.
COMMENT
The company solutions enables cross-selling of product insurances directly at the point of sale in e-commerce and claims its average processing time to be 100 milliseconds.

PEOPLE

MEDICI analysts will analyze simplesurance soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$59.9 Millions
DATE OF LAST FUNDING:
Oct 2018
SEED CLOSED ON:
Dec 2012
FUNDING SERIES:
SERIES A
$2.5 Millions Closed: Jun 2013
SERIES B
$9.1 Millions Closed: Mar 2015
SERIES C
$24 Millions Closed: May 2018
Others
$24.3 Millions Closed: Oct 2018
COMMENTS
SERIES A : An undisclosed amount of funds were raised.
LISTED:
NO

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