Navigating health insurance systems as a foreigner can be a challenging task. However, German startup Feather believes it has a solution and recently raised €6 million to assist the 40-plus million expats residing in Europe.
While there are various options available for foreign nationals to obtain insurance, the fragmented nature of the offerings and the difficulty in aligning them with individual needs are what sets Feather apart in a competitive market.
Given that expats often have access to their host country’s public health system, particularly during transitional periods with the growing trend of remote work, Feather aims to provide detailed assistance to help individuals determine suitable coverage. This includes health insurance as well as other options like life, pet, automotive, and personal liability insurance.
Image Credits: Feather
Feather’s unique approach resonates with expats, attracting investments from prominent figures in the tech industry who have experienced similar challenges. Despite the complexities of fundraising in the post-2021 landscape, Feather’s focus on profitability and niche market strategy garnered attention and support.
Expanding internationally is a key focus for Feather, with plans to launch in three additional countries by the end of 2024. The startup recognizes the importance of funding in accelerating growth and acknowledges the significant progress made in new markets compared to its initial launch phase.
While the market for expat insurance is vast and evolving, Feather remains committed to delivering a superior user experience and exploring new opportunities in the employee benefits sector. By striking a balance between innovation and collaboration with legacy players, Feather aims to establish a sustainable presence in the ever-changing insurtech landscape.
