Insurance app Knip secures Series A funding

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07.10.2014

The Zurich based Knip AG raised a Series A round led by the Dutch fintech fund Orange Growth Capital (OGC), with participation from Redalpine, a Swiss venture capitalist, and two business angels from Germany and Switzerland.

The Knip app is a financial product for the Swiss market, managing all of the users’ insurances in a single app. Furthermore Knip offers users a biannual review of their finances to provide them with better tariffs and products.

All investors are specialized in growth stage fintech companies. Knip thus gets broad access to an international network of experts in the financial and insurance sector. Furthermore, Knip benefits from the vast industrial knowhow of its investors. With this Series A funding the startup is well equipped for its growth phase. In the coming weeks, the Knip team focuses on the launch of the app in Switzerland. Internationalization is planned for 2015.

Knip closed a first round financing only at the beginning of this year with participation from business angels from London, Zurich and Berlin including Tim Ringel from Metapeople.

About Knip
Knip AG was founded in October 2013 in Zurich by Dennis Just and Christina Kehl. The company employs twelve staff to date in Zurich and Berlin. Knip AG is registered with the Swiss Financial Market Supervisory Authority FINMA and is a member of the Swiss Finance Startups
(SFS).

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