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Insurtech wefox has announced the continuation of its exit from the German insurance market, focusing on profitable positions of critical size.
banking, online banking, mobile banking, digital banking, financial services, financial institutions
Germany-based insurance company Wefox has alerted investors that it may face insolvency due to financial losses and regulatory changes.
insurance, funding, financial services, Unicorn
Germany-based insuretech Wefox has been backed by UniCredit and Deutsche Bank with USD 55 million in funding.
insurance, debt facility, artificial intelligence, POS