We have advised Fluo on raising €2m from Crédit Mutuel Arkéa to automate its processes, particularly through artificial intelligence and chatbots, as well as to launch new services.
Fluo is the publisher of a B2C mobile app designed to optimise insurance contracts (eliminating duplications, calculating warranty degrees and value for money, and recommending new contract subscriptions), and a SaaS-based software solution that enables tour operators and insurers to use its platform in a white-label format. Founded in 2013 by Jehan de Castet, formerly the founder of LesFurets.com (sold to UK-based BGL in 2010), Fluo has quickly positioned itself in the insurance and fintech space.
Fluo has chosen a strategic investor particularly active in the fintech industry for its first fundraising. Credit Mutuel Arkea, which has invested in Grisbee, Masuccession.fr and Yomoni over the past 4 months, is joining the 2 founders and Evolem, industrial holding of Bruno Rousset (owner of April).
