Helvetia Venture Fund has invested a single-digit million amount in INZMO, an Estonian insurtech company. INZMO's technology enables consumers to instantly meet their insurance needs online via a mobile app or in the stores of partner retailers. Insurance policies can be concluded and then managed in just a few minutes, and an in-app claims handling process allows customers to deal with their claims in a hassle-free way.
INZMO was also named as the best fintech company in Europe by the European Commission at the Start-up Europe Awards in May 2017.
The start-up and Helvetia are currently co-operating on insuring assets such as bikes, electronics, glasses and watches. The funds of the current investment will be used to build on this partnership.
"We can learn a great deal about simple interaction with customers through INZMO. We also want to tap into the platform's potential for our B2B2C partnerships", explains Martin Tschopp, Head of Corporate Development at Helvetia. "Helvetia is already a key partner for several insurance solutions. We are pleased to build on this partnership with an agile and innovative partner like Helvetia, which will allow INZMO to grow rapidly", says Meeri Rebane, co-founder of INZMO.