Founded in 2015, Frankfurt-based Clark 69m is a global communications agency that provides strategic messaging, creative content, and media services for brands and agencies. It is part of a larger, German-based group of companies called TASS, and a recent financing round has expanded its reach in Europe. The company has also plans for future growth, including expansion into China and other markets.
Founded in 2015
Founded in 2015 in Frankfurt, Germany, the Alternative for Germany (AfD) is an anti-establishment, anti-euro, and Eurosceptic political party. It has been a focal point of debates over migration, religion, and minority rights in recent years. AfD promotes the idea that German cultural traditions and language will remain central to German society.
The AfD is opposed to the German government’s bailout of Southern Europe. Frauke Petry, a businesswoman from Dresden, played an important role in changing the party’s focus. AfD was originally focused on the economy, but the refugee crisis has shifted the party’s focus.
In the late 1990s, Bassam Tibi conceived the concept of Leitkultur, which means “the culture of allies.” It refers to the obligation of newcomers to show their allegiance to democracy and rule of law. In addition, it is a concept of citizenship, as it includes allegiance to secularism.
In the early 2000s, economists in Germany believed that the German Mark served as a symbol of West German stability. As a result, they did not feel comfortable giving up the D-Mark for a common European currency. But after the 2008 financial crisis, Germans were faced with the reality that their national currency was in trouble.
As a result, the AfD adopted a free-market, anti-establishment approach, opposing the government’s bailouts. Its leaders rejected relativist multiculturalism, arguing that German cultural traditions will remain integral to German society.
AfD was founded by Bernd Lucke, a professor of economics at the University of Hamburg. He represented a school of German economic thought that had never been comfortable giving up the D-Mark for monetary freedom.
AfD is a polarizing and controversial party, but it is one of the fastest growing political parties in Germany. Its supporters are predominantly frustrated voters who are angry with the establishment.
AfD’s current leadership consists of Frauke Petry, who replaced Bernd Lucke as party leader. She is a chemist by training and a businesswoman from Dresden. She has helped to change the party’s focus from the economy to economic sovereignty and the refugee crisis. The party’s members come from all walks of life. They include writers, intellectuals, and students.
Financing round
Earlier this year, Frankfurt-based insurtech startup Clark raised EUR69 million in fresh capital. This is part of a series of funding rounds the company has secured to date. The round was led by Tencent Holdings Ltd, which is a Chinese internet and media giant. The Series C funding will enable Clark to strengthen its position in Europe.
The Clark Insurance Management platform has over 300,000 customers in Germany and Austria. It provides simple insurance advice and allows users to compare insurance offers and view the status of their policies in the app. The platform also scans the market to find better rates and alternative policies.
The company is backed by a number of investors including Portag3 Ventures, White Star Capital, and Tencent. Christopher Oster, CEO of Clark, expressed gratitude for the Series C funding. He said it would help the company to expand and grow faster.
The Clark team plans to grow its customer base in Germany and Austria this year. In addition, the firm has launched its insurance service in Austria in 2020. They plan to double their team to over a thousand employees by 2022. They also announced plans to invest in product development and to boost user acquisition.
The Clark system helps users to create a contract overview. It also allows them to request new offers. The company is supported by the Insurance Think Tank (ITA) Institute for Transparency. The German insurance industry is seeing a plethora of insurtech startups.
In its third quarter, the company announced a tenfold increase in customers. In addition, the firm is working to develop a mediation method between consumers and insurers. The company plans to increase its brand awareness through advertising. The founders want to become the largest insurance broker in Europe.
The company has a total valuation of over 1.7 billion euros. The financing will be used to boost international expansion and to increase user acquisition. The company intends to achieve its goal of 1 million customers within three years.
The Clark team has a track record of successfully operating in a tech-first model. They have previously invested in the likes of WorldRemit, Spotify, and RELEX.
Plans for expansion
Among the latest to hit the ground running in the world of insurance is the German insurance tech startup Clark. The company’s mobile app allows users to compare and buy insurance policies in a streamlined fashion. In addition to a robust online insurance shopping platform, the firm has a mobile app for managing all contracts in a single place. Among other things, the app helps to reduce claims by up to 40%.
The company has received a total of 69 million euros in funding. The most notable round was led by Tencent, followed by Portag3 Ventures and White Star Capital. A hefty chunk of the funding was received in the first quarter of this year, as the company continues to expand its global footprint. The company also launched a new insurance product, dubbed Curve Credit, in the hope of boosting the company’s international expansion. In addition to the usual suspects, the company has acquired two fintech startups in recent months, including Gila and NuArx.
The company’s mobile app boasts some cool features, including a virtual concierge service and an intelligent insurance agent. In an effort to improve customer satisfaction, the company has made it a policy to treat its employees like family. In a recent survey, the company ranked tops in terms of employee engagement and retention.
Although the company is still a relative newcomer in the industry, it has already been lauded as a potential future disruptor. Earlier this week, the company was honoured with a commendation from Councillor Jason FitzGerald. This was the first time the city has bestowed the award on a startup. The committee was impressed by the fact that the company has been able to raise a large sum of money while maintaining the quality of service its customers have come to expect. Currently, Clark has over a hundred employees working out of its offices in Munich and Frankfurt, but the company is aiming to scale up operations in a hurry.
Future plans
Earlier this month, a Chinese internet company, Tencent, announced a 69 million Euro investment in the Frankfurt-based insurtech company, Clark. The funding will help the company to expand internationally, according to the report.
Clark’s app allows users to compare insurance products, while helping customers stay informed. It also helps them find and request new offers. The company has more than 300,000 German and Austrian customers. It is supported by FinTech incubator FinLeap, and the ITA Institute for Transparency.
The company’s CEO, Christopher Oster, said that the Capital from Tencent will allow the company to grow rapidly. He expressed his gratitude to the Chinese firm for its support. He expects the company to gain 1 million customers within three years. He also plans to increase the brand awareness from 15 percent to 40 percent. He added that the company would invest in product development to accelerate growth.
The company is working to mediate with insurers and identify better offers for customers. It has a digital insurance management platform that serves more than 300,000 German and Austrian consumers. This will be expanded into Austria in 2020. It will also increase the company’s investment in customer acquisition strategies.
The company has received funding from Portag3 Ventures, White Star Capital, and Tencent. This is not the first time that the company has raised a large amount of capital. In addition to the Series C funding, the company has already secured EUR69m from investors.
Clark, which was founded in 2015 by Dr. Christopher Oster and Steffen Glomb, is now one of the largest insurtech companies in the world. It aims to become the biggest insurance broker in Europe. It also plans to boost international expansion, and improve its user acquisition.
The company’s headquarters will remain in Berlin, but it plans to expand its operations in Germany and Austria in the near future. It is expected that the enlarged group will be able to offer innovative solutions to thousands of customers worldwide. The company plans to invest $150 million annually in the combined group, which is expected to be accretive to earnings.
