Xpension has raised €25 million in Series C financing led by HPE Growth to enhance its digital pension and life insurance platform and expand into new markets.
Target Information
Xpension, operating under the name xbAV AG, is recognized as the leading player in the digitization of corporate pension and life insurance in Germany. Recently, it successfully raised €25 million in its Series C financing round, bringing its total funding to over €50 million. The platform has gained significant traction, with over 40 life insurers, 11,000 insurance agents, and 3,000 SMEs utilizing its software-as-a-service (SaaS) solutions to streamline the purchasing and management of pension and life insurance policies online.
The company prides itself on providing user-friendly information, enhancing customer journeys, and establishing transparent and efficient processes via a centralized SaaS platform that connects all relevant stakeholders.
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Industry Overview in Germany
The pension and life insurance sector in Germany is a significant contributor to the global market, valued at approximately €2.5 trillion. This industry is currently undergoing a major digital transformation, moving away from
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Disclosed details
Transaction Size: $25M