German insurtech to open UK hub

WeFox is planning to expand into the UK market in 2020 and open a regional hub.

In Brief:

• WeFox offers a consumer insurance app built on open API.

• The app offers information on insurance and helps customers find the best deals.

• The Group recently closed a funding round worth £84mn.

What does this mean?

WeFox will measure the success of its app in the UK market before hopefully expanding to more regions. So far it has launched in six countries with success.

Read more here.