The Swiss fintech scene is primed for a shakeup this week with one of the space’s key players finding himself out of work. Knip, a Swiss digital insurance fintech firm, will be undergoing a merger with Komparu, a Netherlands-based technology firm – the move will see Knip’s founder and CEO Dennis Just be the odd man out in the newly combined entity, Digital Insurance Group (DIG).
Knip’s leadership had already been in a state of flux prior to the announcement. Christina Kehl, one of the group’s founders, had already parted ways with the company last year. The merger will see Mr. Just relinquish his role as CEO, with Komparu’s management taking the lead moving forward.
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Knip and Komparu have previously been partners in a cooperative dating back to mid 2016. The merger will see one of Switzerland’s fastest growing startups join forces with Komparu, operating together as DIG. The deal will help both groups greatly expand their regional focus and scope, with Knip benefiting from Europe-wide market penetration – it had to date been confined to Switzerland and Germany.
Logistically, this means a greater emphasis on Komparu’s leadership, who will play an instrumental role moving forward in DIG. With the departure of Mr. Just, Roeland Werring, co-founder of Komparu, will be installed as DIG’s Group Chief Technical Officer. Komparu’s acting CEO Ruben Troostwijk will remain in the role, while Ingo Weber is being appointed as CEO of DIG.
Mr. Just founded Knip back in 2013 and worked as its Group CEO for nearly four years. Prior to this role, he was co-founder and COO of Numbrs AG in Switzerland. He also successfully founded multiple fintech firms in Germany, including TapFachhandel.de, compreo.de, dSlash.de, and others, dating back to 2005, according to information made public on his Linkedin profile.