China’s CreditEase backs $125m Series B for European insurtech startup wefox

China’s CreditEase backs $125m Series B for European insurtech startup wefox

Photo: wefox

CreditEase FinTech Investment Fund (CEFIF), an investment arm of Beijing-based fintech conglomerate CreditEase, has participated in a $125-million Series B investment round for Berlin-based insurtech firm wefox Group, according to an announcement.

Founded in 2014, wefox Group is the parent company of ONE Insurance and wefox brands that operate across Europe.

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