Feather Revolutionizes Expat Insurance in Europe

July 2, 2024, 9:46 pm
Feather
Feather
FinTechInformationInsurTechMarketService
Location: Germany, Berlin
Employees: 11-50
Total raised: $6.43M
Feather, a Berlin-based startup, has secured €6 million in funding to simplify insurance for expats across Europe. Founded in 2018 by Rob Schumacher and Vincent Audoire, Feather aims to provide a seamless and transparent insurance experience for the mobile migrant workforce and student population. With a focus on simplicity and trust, Feather's digital platform offers tailored insurance solutions for over 50 million expats living and working in Europe.

Feather's innovative approach to insurance involves partnering with insurance companies to streamline the insurance process online. This not only makes insurance more affordable and responsive but also enhances the user experience. With a modular full-stack tech platform at its core, Feather has helped over 50,000 expats from 150 countries obtain insurance digitally.

The recent funding round, led by Keen Venture Partners and supported by industry leaders from Allianz, AXA, and Bastian, will fuel Feather's expansion into new European markets. This investment will enable Feather to create a pan-European product that caters to the diverse needs of expats across different countries.

Rob Schumacher, co-founder of Feather, expressed excitement about the funding, emphasizing the company's commitment to serving the expat community with transparency and simplicity. The endorsement from investors like Keen Venture Partners and Plural underscores Feather's potential for growth and success in the insurtech industry.

With a strong focus on expats' needs and a best-in-class tech platform, Feather is poised to disrupt the traditional insurance industry. The company's rapid growth in Spain following its recent launch demonstrates the market demand for a more accessible and user-friendly insurance solution for expats.

Feather's vision of building a comprehensive insurance platform for expats aligns with the evolving needs of today's mobile workforce. By leveraging technology and strategic partnerships, Feather is paving the way for a new era of expat insurance that is transparent, efficient, and tailored to individual needs.

As Feather continues to expand its reach and enhance its offerings, the company is set to become a leading player in the European insurance market. With a clear focus on customer satisfaction and innovation, Feather is redefining the insurance experience for expats in Europe.