“Wefox Founder Promises Profitability in 2023 to Secure Bank Credit”

Wefox has set out to revolutionize the insurance business. But experts criticize that you can only grow through acquisitions and not through innovations. Despite critical reports, investors are still supporting the insurtech, but they finally want to see profits and founder Julian Teicke promises to deliver them in 2023. That seems credible, otherwise banks JP Morgan and Barclays would not have lent the company.