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Helvetia Venture Fund takes stake in Zurich-based start-up Taxly
Interfaces provide opportunities for cooperation
In addition to the funding investment made through the Venture Fund, Helvetia also aims to establish operational cooperation with start-ups. Taxly offers some interesting link-ups here: for instance under Helvetia's "Home" ecosystem, which MoneyPark, Switzerland's largest independent mortgage and real estate specialist, is part of. Acquiring property always throws up questions regarding tax and tax-optimized financing. "With Taxly we are piloting an interesting complementary service for sections of our customer base. On the other hand, our financing and real estate experts provide help with tax-optimized property searches and financing", is how MoneyPark founder and CEO Stefan Heitmann describes the partnership. Helvetia also plans to use Taxly to assist customers with pension matters. "Taxly's radically simple yet impressive process strikes the right chord with customers. Thanks to digital interfaces, the start-up also offers interesting opportunities for cooperation with partners when providing additional services", remarks Martin Tschopp, Chief Customer Officer of Helvetia Switzerland, summing up the reasons for the investment. Daniel Kershaw, founder and CEO of Taxly, adds: "With a company like Helvetia backing us, more and more people will start to notice us. Together with the planned product improvements, this creates the ideal basis to achieve our ambitious targets in the coming tax period."
Susanne Tengler
Head of Investor Relations
Phone: +41 58 280 57 79
investor.relations@helvetia.ch
About Helvetia
About the Helvetia Group
In over 160 years, the Helvetia Group has grown from a number of Swiss and foreign insurance companies into a successful international insurance group. Helvetia is one of the leading all-line insurers in its home market of Switzerland. With the countries Germany, Italy, Austria and Spain, which have been combined to form the Market Area Europe, the company has a second strong pillar. With its Specialty Markets market area, Helvetia is also present in France and in selected regions worldwide. Some of its investment and financing activities are managed through subsidiaries and fund companies in Luxembourg. The Group is headquartered in St.Gallen, Switzerland.
Helvetia is active in the life and non-life business, and also offers customised specialty lines and reinsurance cover. Its business activities focus on retail customers as well as small and medium-sized companies and larger corporates. With some 11,500 employees, the company provides services to more than 7 million customers. With a business volume of CHF 9.45 billion, Helvetia generated an IFRS result after tax of CHF 538.1 million in financial year 2019. The registered shares of Helvetia Holding are traded on the SIX Swiss Exchange under the symbol HELN.
Cautionary note
This document may contain projections or other forward-looking statements related to Helvetia Group which by their very nature involve inherent risks and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, in particular in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in currency exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general development of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates as well as (10), the realisation of economies of scale as well as synergies. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group on the date of its publication and Helvetia Group assumes no obligation to update such statements unless otherwise required by applicable law.