In a strategic move to strengthen its position in the insurance and student loan markets, Getsafe, Europe’s leading neo-insurer based in Germany, has announced the acquisition of deineStudienfinanzierung, the country’s number one digital platform for student loans. The deal solidifies Getsafe’s commitment to offering innovative financial solutions directly to its customers, bypassing the traditional broker model.
Getsafe’s Direct Acquisition Model
Unlike most traditional insurers and insurtech companies that rely on brokers to acquire customers, Getsafe has pioneered a direct acquisition model. This approach has proven highly successful, with 90% of their customers being first-time insurance buyers who might never step into a broker’s office. Getsafe’s focus on a customer-centric approach to insurance has earned them a loyal and rapidly growing customer base.
Acquisition of deineStudienfinanzierung
The partnership with deineStudienfinanzierung is a significant milestone for Getsafe. By acquiring Germany’s top digital platform for student loans, Getsafe gains immediate access to a large pool of target customers. deineStudienfinanzierung has earned a reputation for trust and reliability among students seeking financial assistance, making it an ideal partner for Getsafe to support job starters as they transition from university to the workplace.
Success of “deineStudienfinanzierung”
With its launch in 2018, deineStudienfinanzierung revolutionized the student loan market in Germany. As a pioneer and market leader in digital student loans, the platform has helped over 200,000 students obtain study financing worth over €1 billion. The platform’s user-friendly interface, efficient loan application process, and transparent terms have made it the go-to choice for students in need of financial support.
Getsafe’s Recent Acquisitions
The acquisition of deineStudienfinanzierung follows Getsafe’s recent acquisition of the German business of Luko, a French insurtech company. These strategic acquisitions highlight Getsafe’s commitment to expanding its portfolio and taking a customer-centric approach to financial well-being. By bringing together the expertise and resources of these companies, Getsafe aims to provide a comprehensive range of financial services that cater to the evolving needs of its customers.
Excitement Over the Acquisition
The Getsafe team is thrilled to welcome deineStudienfinanzierung onto their platform. By joining forces with Bastian and his team, Getsafe not only expands its product offerings but also fosters a customer-centric approach to financial well-being. The acquisition allows Getsafe to combine its expertise in insurance with deineStudienfinanzierung’s trusted access and deep understanding of the student loan market.
Making Insurance and Loans Accessible to Young People
One of Getsafe’s primary goals is to make insurance and loans accessible and understandable for young people. By leveraging deineStudienfinanzierung’s existing platform and customer base, Getsafe can provide tailored insurance offerings and financial guidance to job starters and students. As young people navigate the complexities of insurance and loans, Getsafe aims to simplify the process and empower them to make informed decisions about their financial well-being.
Getsafe’s acquisition of deineStudienfinanzierung marks a significant milestone in the company’s growth strategy. By expanding its reach in the student loan market, Getsafe is well-positioned to serve the financial needs of job starters and students. The undisclosed purchase price demonstrates the strategic value that deineStudienfinanzierung brings to Getsafe’s long-term vision. With its innovative direct acquisition model and partnerships with leading digital platforms like deineStudienfinanzierung, Getsafe is set to revolutionize the insurance industry and become a trusted provider of financial solutions for young people across Europe.