Israel Market; Robin Hood Agency For Sale

The Robin Hood PRO Ltd. insuretech startup has decided to sell its insurance agency, reports Insurtech Israel.

A number of parties have already expressed willingness to acquire the agency and the ‎brand name in order to develop their businesses, and include the app in their marketing ‎set-up. Amongst those showing interest are two insurance companies, credit card ‎companies that are interested in entering the sector and large investment house.‎

The digital insurance agency owns the Robin brand in Israel. The agency has in its ‎possession the details of tens of thousands of customers who downloaded the company’s ‎app and received their pension and long term saving portfolio from the pension clearing house and Insurance coverages from the governmental “Insurance Mountain” centerlized data base. The agency ‎has exclusive right of use of the Robin technology in Israel.‎

After completion of the sale of the agency, the Robin Hood insuretech startup will ‎continue holding the intellectual property rights in the technology, the professional ‎knowledge, the workers and the agreements for the sale of the technology to financial ‎institutions in Israel and abroad.‎

Policy has been informed that the agency’s parent company, Robin Hood Pro experienced a withdrawal of one of its investors from an investment ‎transaction. There are serious discussions in progress with a number of financial entities ‎regarding an investment in the company.‎

Robin was established five years ago, with more than $5 million invested in it ‎to date.‎

About alastair walker (3488 Articles)
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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