Ping An invests jointly in Joonko

FintechChinese insurance giant Ping An’s Global Voyager Fund has announced it is investing in Joonko, a new digital financial portal from European fintech company, finleap. “Joonko is the digital financial portal that helps European consumers to choose the right financial products for their personal saving and protection needs,” Ping An said in a statement on September 16, 2019. The portal will go live at the end of the year with car insurance as its first product. The project is a joint investment with Raisin, a savings, investment and pension products provider. According to Raisin, Joonko has completed a seed financing round which topped €10 million ($11 million) and the company will use the new capital for portal development and expanding its team. “Joonko represents the logical evolution of financial digitalisation in Europe,” said Donald Lacey, managing director and chief operating officer of the Global Voyager Fund. “It’s the right approach to innovation in retail financial services: a next generation solution designed to benefit consumers and financial product providers alike,” he added. Dr Carolin Gabor, chief executive of Joonko said: “The platform is convenient, totally transparent, and operates on the principle of fairness to both consumers and financial product providers.This is the kind of vision for digital finance that Europe’s consumers deserve.” ©2019 funds global asia

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