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Ping An Invests in Joonko to Modernize Financial Services in Europe

Time:2019-09-16   from:Ping An Group   [Size:large    medium     small]

(Hong Kong, Shanghai, 16 September 2019) Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group”, HKEX: 2318; SSE: 601318) is pleased to announce Ping An Global Voyager Fund is investing Joonko, the new digital financial portal from finleap, Europe’s leading fintech ecosystem.

Joonko is the digital financial portal that helps European consumers to choose the right financial products for their personal saving and protection needs. The portal will be launched at the end of 2019 with its first product: car insurance. 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.”

Dr. Carolin Gabor, CEO of Joonko, explains, "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.”