Getsafe

European insurtech company Getsafe has acquired deineStudienfinanzierung, an aptly named German digital platform for student loans that was showcased on the local version of “Shark Tank” in 2019. “Student loans are the second most popular form of external student financing in Germany after [grants]. Unlike in the U.S., universities in Germany are largely tuition-free, which means that student loans are generally used to cover living expenses. The financing volume has returned to previous levels since.”Just like Getsafe didn’t invent insurance, deineStudienfinanzierung didn’t invent student loans. By the time customers apply for a student loan, the barriers to switch are quite high.