{"id":12543,"date":"2016-07-13T08:37:24","date_gmt":"2016-07-13T06:37:24","guid":{"rendered":"http:\/\/cms.munich-startup.net\/?p=12543"},"modified":"2016-07-12T17:08:03","modified_gmt":"2016-07-12T15:08:03","slug":"finanzchef24-4-million-for-munich-insurtech-startup","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/12543\/finanzchef24-4-million-for-munich-insurtech-startup\/","title":{"rendered":"Finanzchef24: 4 million for Munich InsurTech startup"},"content":{"rendered":"

Grenke Bank, together with existing shareholders Target Partners, HW Capital, and Mercura Capital, is investing four million euros in Finanzchef24. The Munich-based startup claims to be the first digital insurance broker for entrepreneurs and the self-employed in Germany.<\/strong><\/p>\n

Since 2013, the Hendrik Rennert<\/strong> and Felix Schollmeier<\/strong> (here in the interview<\/a>The Munich-based startup, founded in 2009, is entering the insurance market and has already attracted renowned investors such as Target Partners, HW Capital, and Mercura Capital. The business figures are strong: Finanzchef24 GmbH's revenue and customer base have more than doubled year after year since its founding in 2012. 44 companies, including Allianz, ARAG, AXA, Ergo, HDI, Hiscox, R+V, and VHV, are already using the new sales channel.<\/p>\n

\u201cA fixture in the financial services industry\u201d<\/h3>\n

Now, Grenke AG, an SDAX-listed company, is joining the Munich-based company. Wolfgang Grenke<\/strong>, founder and CEO of Grenke AG, explains the investment:<\/p>\n

"The target groups addressed by Finanzchef24 and GRENKE Bank are highly comparable. Therefore, they will cooperate in sales in the future. This collaboration has now been underpinned by a strategic investment in Finanzchef24 GmbH as part of a financing round."<\/p><\/blockquote>\n

Waldemar Jantz<\/strong>, Partner at Target Partners, says:<\/p>\n

"Since our first investment in 2013, Finanzchef24 has become a major player in the financial services industry. The outstanding team, the growth over the past few years, and the further market potential convinced us to increase our investment."<\/p><\/blockquote>\n

Finanzchef24 wants to benefit from Grenke know-how<\/h3>\n

The startup plans to use the fresh capital to further accelerate its existing growth and further develop its product portfolio and its consulting and comparison software.<\/p>\n

Finanzchef24 Managing Director Rennert says the Grenke Group faced similar challenges in the areas of leasing, factoring, and banking as the young company and has already resolved them. Co-founder Schollmeier adds:<\/p>\n

\u201cWe are therefore pleased that, in addition to a strategic investor, we have also been able to gain an experienced partner for a cooperation that will generate significant benefits for both customer groups.\u201d<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

Grenke Bank, together with existing shareholders Target Partners, HW Capital, and Mercura Capital, is investing four million euros in Finanzchef24. The Munich-based startup claims to be the first digital insurance broker for entrepreneurs and the self-employed in Germany. Founded by Hendrik Rennert and Felix Schollmeier (here in an interview), the company has been active since 2013\u2026<\/p>","protected":false},"author":26,"featured_media":12544,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[1109,52,1831,1832],"acf":[],"yoast_head":"\nFinanzchef24: 4 Millionen f\u00fcr M\u00fcnchner InsurTech-Startup - Munich Startup<\/title>\n<meta name=\"description\" content=\"Die Grenke Bank investiert gemeinsam mit den Altgesellschaftern Target Partners, HW Capital und Mercura Capital vier Millionen Euro in Finanzchef24.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/12543\/finanzchef24-4-million-for-munich-insurtech-startup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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