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wefox Secures $110m With $55m Credit Facility From J.P. Morgan and Barclays

wefox raises a total of US$110m J.P. Morgan and Barclays provides $55m in a revolving credit facility Additional $55m in equity was raised from existing and new investors as a second closing of the Series D from new and existing investors at $4.5bn valuation New funding underlines strength of wefox business model and its clear focus on the path to profitability BERLIN--(BUSINESS WIRE)--wefox, the Berlin-based insurtech, has secured US$55m credit facility from J.P. Morgan and Barclays alongside a…