Peter Thiel Backs German Insurtech Startup

PayPal founder Peter Thiel, and his fund Valar Ventures, led a $10 million seed round in German insurtech startup Coya; other investors in the round include and La Famiglia; Dr. Peter Hagen, one of the founders of Coya, tells Business Insider, “This investment will allow Coya to further extend our team and build up an exceptional product for our customers.”; the company is planning to build a digital insurance provider and is in the process of trying to get full authorization from German regulators; founders of Coya include two former Kreditech employees and ex-CEO of Vienna Insurance Group. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!