Round2 Capital has invested a seven-figure sum in Friendsurance to enhance its digital bancassurance platform and facilitate its partnership expansion with European banks and insurers.

Target Overview

Friendsurance, a Berlin-based InsurTech company, specializes in providing a digital bancassurance software platform that integrates banks, insurers, and end customers into a cohesive digital ecosystem. This platform enables banks to offer insurance services directly to their clients through a white label solution that fits seamlessly into their existing digital infrastructures. By utilizing Friendsurance's services, banks can create new revenue streams by reselling insurance products and enhancing their overall digital offerings. Insurers benefit from an additional digital sales channel, gaining essential customer insights while end customers can conveniently manage their insurance policies and compare options transparently, all within their familiar banking interface.

Positioned as a leader in the DACH region's burgeoning digital bancassurance market, Friendsurance is capitalizing on a space that boasts high insurance density but is characterized by relatively low penetration of digital bancassurance services. Traditional banks and insurance providers often lack the digital know-how and infrastructure needed to offer these services effectively. Consequently, to remain competitive against agile digital-first institutions and to meet evolving regulatory demands such as the Financial Data Access Initiative (FIDA), these traditional players are increasingly looking towards Friendsurance’s innovative solutions.

Industry Overview

The digital bancassurance sector is experiencing growth across Europe, particularly in the DACH region, where there's an increasing demand for integrated financial services. The region historically reflects high consumer trust in established banking institutions