Anthony R. O’Donnell // May 18, 2023 
(wefox co-founders Fabian Weseman and Julan Teicke. Source: wefox.)
wefox, a Berlin-based InsurTech, has secured US$55m credit facility from J.P. Morgan and Barclays alongside a $55m second close in its Series D at US$4.5bn valuation from existing and new investors including Squarepoint. The funding follows a record first quarter financial performance by the company, which wefox says signals a clear path towards profitability. wefox describes itself as a platform connecting insurance companies, distributors, and customers, to give the world simple access to digital insurance solutions.
The InsurTech says it will use the funding