Fintech Global

InsurTech unicorn Wefox faces insolvency risk according to reports

Wefox, an InsurTech unicorn, has issued a stark warning to its investors regarding potential insolvency looming over the company. With nearly 3 million customers and a valuation of $4.5bn (£3.6bn) less than two years ago, the European insurer finds itself grappling with a myriad of regulatory and financial challenges, according to a recent report from Sky News.