Freelancers, consultants and young companies are a target group that fintechs have been targeting for several years. For many established banks, corporate customers are too small, which is why startups sense their opportunity with technical solutions. New banking providers such as Penta and Qonto are concentrating on this market and have already collected large rounds of financing.
The startup had been running under the name Project Insurio for a few months until the founders recently agreed on the new name InsureQ. It is not uncommon for Rocket start-ups to start with a working title before the real name becomes public. The startup is one of the first German investments by Rocket’s new early-stage lender Flash Ventures, as German startups reported a few weeks ago. Flash has invested 800,000 euros in two tranches, and a seed round is now targeting a total of up to two million, of which Flash wants to take over half – the rest should come from a new investor, the report said. InsureQ did not want to confirm the information upon request.
You can read all the details about the Insurtech startup today on Finance Forward, the new finance portal from Personal-Financial.com and OMR. You can register for the daily newsletter here.