INSUBCONTINENT EXCLUSIVE:
convenient mobile app, has closed a hefty $29 million in Series B funding.The round was led by fintech investor Portag3 Ventures, and VC
fund White Star Capital, with participation from a number of existing investors including Coparion, Kulczyk Investments, and Yabeo Capital
various insurance products, spanning the full gamut of life, health, and property insurance.Specifically, its algorithms analyze your
current insurance situation and automatically propose ways to improve your coverage or get a better deal than the one you are currently on
It makes the majority of its revenue from management and admin fees paid by insurance companies on its platform, but also via commission on
any new policy taken out.To date, Clark says it has acquired close to 100,000 customers for its digital insurance services, making it one of
the largest digital insurance players in Europe
volume it managed in 2016 at the time of its Series A.Some of that growth appears to have come from partnerships with a number of banks in
Germany, including challenger N26, and incumbents ING-DiBa, and DKB
Christopher Oster, CEO and co-founder of Clark, in a statement
