JPMorgan and Barclays again $4.5 billion insurance tech huge Wefox

JPMorgan and Barclays again .5 billion insurance tech huge Wefox


Key Details
  • Wefox, a Berlin, Germany-based insurance plan technological know-how startup, declared Wednesday that it has elevated $110 million from traders.
  • Of that sum, $55 million came in the variety of a revolving credit score facility from JPMorgan and Barclays.
  • The remaining $55 million was an equity financial commitment led by investment management agency Squarepoint Funds.
  • Wefox maintained its $4.5 billion valuation from its preceding round of funding, the organization explained.



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