Ping An Global Voyager Fund and Raisin invest in Joonko

The Global Voyager Fund of Ping An Group, the world’s largest insurance company in terms of market capitalization, and Raisin, the leading provider of simple savings, investment and pension products, are jointly investing in Joonko. With the new capital, Joonko is pursuing the technological development of its portal and the expansion of its team.

The new digital financial portal Joonko has successfully completed a seed financing round in excess of EUR [10] million. Joonko helps German consumers choose the right financial products for their personal saving and protection needs. The portal will be launched at the end of the year with its first product: car insurance. Prior to this official launch, two prominent investors will join Joonko: the Global Voyager Fund of Ping An Group, the world’s largest insurance company in terms of market capitalization, and Berlin-based fintech Raisin, the leading provider of simple savings, investment and pension products – also known under their German brand name WeltSparen.

Ping An invested in finleap in 2018 and has had significant involvement in developing Joonko’s strategy and technology capabilities.

Donald Lacey, Managing Director and COO of Ping An’s Global Voyager Fund, said, “We’re pleased to cement a relationship with Joonko that includes both growth capital and technological support. To us, Joonko represents the logical evolution of financial digitalisation in Europe. It’s the right approach to innovation in retail financial services: a next generation solution designed to benefit consumers and financial product providers alike.”
Raisin’s investment in Joonko is the first instance of a top tier German fintech investing in another German fintech company.

Dr. Tamaz Georgadze, CEO and Co-founder of Raisin says, “We see great value in fintechs working closely with established financial service providers and are convinced that Joonko will successfully implement just such cooperation. We thus look forward to supporting Joonko as a financial and strategic partner, with both funding and expertise.”

Dr. Carolin Gabor, CEO of Joonko, explains, “I am very pleased to have found two partners in Ping An and Raisin, both of whom have excellent financial technologies of their own, and have achieved great success in their respective markets. With the strategic expertise of our investors, technical know-how and an incredibly passionate team, Joonko will quickly become one of the top players in the financial community. 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.”

Joonko will be equipped with outstanding technology, which will bring an advantage and new approach to customers.

Eric Lange, CPTO and Co-founder of Joonko, says, “We aim for providing the best experience for consumers in finding the best-fitting financial products. Through the broad experience and best-in-class technology of PingAn and Raisin, we have a jump start for our product.” All processes are in compliance with German and European standards.

Joonko’s management team consists of Dr. Carolin Gabor (Chief Executive Officer), Dr. Andreas Schroeter (Chief Operations & Marketing Officer) and Eric Lange (Chief Technology & Product Officer). Joonko’s founding executives are industry veterans who have held senior level roles at leading companies like Google, Flipkart, DeliveryHero, Axel Springer, BCG, and TopTarif.de.